Under the terms of the agreement he was paid around $250,000 and further instalments of $20,000 for every tenth mention of the brand on social media, at concerts or during TV appearances.
But he believed his contract also entitles him to a portion of the sale price should Pabst sell the business before January 2016, as well as royalties on each case of Blast that was sold.
Consequently he is seeking 10 per cent of the net sales price paid to Pabst for its Colt 45 malt beer line, which was included in last year's sale to beer entrepreneur Eugene Kashper and an investment firm, so he is suing American beer company Pabst, claiming he is owed money from its sale last year.
Pabst wrote in a statement that it had not been contacted by Snoop Dogg or his representatives about the proceeds and cited the company's new management.
'We are investigating the matter and would be happy to talk to Snoop or his representatives to try to get to the bottom of this,' the statement said.
The lawsuit states Pabst told the rapper that the sale didn't trigger the clause entitling him to sale proceeds.
The deal to sell Pabst to Kashper and San Francisco-based TSG Consumer Partners LLC was finalized in November.
No purchase price was announced, but the lawsuit filed by the rapper's attorney, Alex Weingarten, states Pabst was reportedly sold for $700 million. It is unclear how much of the sale price was for the Colt 45 line of beers.
Culled from Daily mail.
45 comments:
Hmm. Good for him
There is a bridge in contract. He should be paid.
Busy Fingers.
Som1 is broke
Okay
Hmmmmn
Money kpalava
Let justice prevail
#Godwin:Buhari’s daughter Zahra is Korede Bello’s ‘bae’ (SEE HERE)
Smelling rich+ness
#ITwillONLYgetBETTER
#itMUSTendINpraise
SEEN,...TOMJERRYSWIT
Doggy is as high asf...that's weed talking.
Meanwhile, that's Snoop's probs not mine.
Na them sabi.
Linda dat iz diers, make e beta for dem..."Like d 1st day of january sori am new here(NewYear)... LindaBringDrinkBiko #Lol
Hi Snoop.
Go get ur money Cousin.
he might get some percentages, if they actually made any sales. trust their judges.
Seen.
He will win?
Don't know for him
So, its whatever
Its all about what was written in the agreement. They should simply pull it out and solve the issue from there
a.k.a EDWIN CHINEDU AZUBUKO said..
.
There business shah....
.
.
***CURRENTLY IN JUPITER***
All the best to him. Linda take note!
All the best to him. Linda take note!
He's hitting the jackpot
Hmmm
From where I am standing he is not entitled to nothing.
Oh! Good for him, and I wish him well. I pray he win d case.
Stamford bridge or Third mainland bridge?
U dam right....frm d lady next door.
Linda "Soouth African hater" Ikeji
Linda have u seen d vanity cover for snoop dogg?
#breach not bridge
They should pay up
Not only bridge, gateway nko? Funny you
Rihanna's BBHMM is working
OKORO UPGRADED**
No be only bridge, Wat of expressway? LMFAO
Okay all d best to him
Olodo, it's breach...not eko or thirdmainland bridge...use ur Google b4 commenting... tnk me later... :p*tongue out*
3rd Mainland Bridge abi
Story for u.
Win 1500 airtime @
www.9istnaija.com
Ukwuamaka, its *breach* no "bridge"
HIS STIL EXISTING...MAN DONE BROKE CHAIII!
It's breech not bridge! Use ur dictionary
if snoop has a good evidence then he is good to go... Relationship Tips
Baba Aja
Breach of contract.... No be 'bridge' .... Make Julius Berger no sue tooo
My thoughts exactly.
Anon 4:06 u sef b olodo.....kettle calling pot black. Fyi its breach not breech! Thank me now!
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