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Jay-Z sues investment firm over Manhattan hotel loan
1:56 PM on 02/04/2010
From BBC News:
Jay-Z is suing investment firm Highland Capital Management for $3.7m (£2.3m) over a 2007 loan to help him build a hotel in Manhattan.
The rapper, real name Shawn Carter, says that, when the value of the land he had bought fell, he tried to give it back to Highland to avoid repossession.
Mr Carter says the company dragged its heels costing him millions in interest.
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