Popular American rapper Sean Carter better known in music circles as Jay Z has been awarded the sum of $4.5 million in a lawsuit with a perfume company identified as Parlux over Gold Jay Z cologne.
The 52-year-old rapper was initially sued by the company in 2016 and in the suit, the Company said Jay Z didn’t live up to terms of a contract signed in the year 2012.
However, a jury said neither side owed the other any money last fall but in a latest development an appellate court Thursday ruled the rapper was entitled to $4.5 million in royalties.
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Justice John Higgitt of the Appellate Division, First Department said that results of an appeal determined that Jay-Z and his organization S. Carter Enterprises LLC were ‘entitled to summary judgment on their royalties counterclaim’ in the suit, according to the outlet.
‘The record is clear: Parlux sold licensed products after July 31, 2015, but failed to pay royalties on those sales,’ Higgitt said.
Source: dailymail.co.uk
