Sean 'Diddy' Combs drops $60 million lawsuit against Sean John after bumping heads with his business partners...
From All Hip Hop
Diddy has dropped his $60 million lawsuit against Sean John for using his name as he battles severe misconduct allegations.
Agreements between Diddy and fashion house GBG Sean John LLC and GBG USA Inc. have led to a voluntary dismissal of the case, including all claims and counterclaims, as of Friday (June 21).
Diddy founded Sean John in 1998 and grew the company to annual sales of about $450 million by 2016, when he sold 90 percent of the brand to Global Brands Group for around $70 million.
The relationship became rocky by February 2021. Diddy began locking horns with the company, filing multiple lawsuits against GBG for allegedly misusing his image and persona to market their products without consent.
In one instance, Diddy accused GBG of unlawfully using his image to promote a collaboration with fashion retailer Missguided. Another legal battle saw him fighting for trademark rights over the phrase “Vote Or Die,” which he claimed GBG exploited without his consent.
Diddy asserted that Sean John and GBG leveraged his name and reputation to drive sales without his approval.
Diddy secured the winning bid to buy back the floundering Sean John brand for $7.5 million after GBG filed for bankruptcy.
The dismissal, signed off in New York City, allows Diddy the freedom to pursue these claims against GBG at a later date.
6 comments:
His image is 💩 so he might as well have dropped it!
He's losing money every which way. That brand is worth dust right about now.
Now they can't give that clothing away. Oh well.....
At this point his name is mud.
Vote or Die is/was silly.
Looking forward to seeing whose fave celebs and politicians are on those 250 recordings.
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