Saturday, September 04, 2010

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Hit With Racketeering and Breach of Contract Suit
Source: Chronic Magazine
Author: Chronic Magazine

According to the Associated Press, Sean "P-Diddy" Combs has been sued for more than $25 million by a former business partner who alleges the rapper forced him to sign away his 25 percent interest in their company by threatening him with a baseball bat. Kirk Burrowes, former president and general manager of Combs' Bad Boy Entertainment, filed the racketeering and breach of contract suit late on Monday in Manhattan federal court.
"The allegations are pure fantasy," Combs said in a statement on Tuesday. "Kirk Burrowes hasn't been employed for seven years and now he makes up a fictional story for financial gain. He should be ashamed of himself."
Burrowes said he formed the company with Combs in 1992 and was promised a share in the equity and profits in exchange for his services.
Borrowes, who earned $125,000 a year as president of Bad Boy, was fired in 1997. The suit however, alleges that Combs promised Burrowes he would still be allowed to share in the company's profits. Borrowes alleged that Combs told him last year that he would no longer receive any money.
The suit also alleges that Combs interfered with a contract Burrowes had to manage Mary J. Blidge which caused her to end the contract.

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