Hip-hop star Drake and his OVO Touring company are being sued for allegedly earning more than $200,000 off of a Chicago concert promoter from canceled tours.
According to SPIN, court documents filed last week allege that Drake canceled two previously agreed-upon performances, increased agreed-upon prices, and also claims that a third party spent half of the money on an unrelated event.
The lawsuit
Status Entertainment filed the suit and claims that OVO agreed to the March 2012 show at price of $250,000, and Status transferred $100,000 over to OVO, but the concert was canceled. OVO allegedly failed to return the funds and said another member of Drake’s camp spent it on a separate event.
There was also a second agreement for an October 2012 show at the Allstate Arena, and Status claims $100,000 was sent to Drake’s camp, but OVO became non-responsive.
OVO eventually responded to Status, allegedly stating, “We changed the price because our value went up.”
Status demanded its money refunded, at which point OVO agreed to refund the money. But no money was returned.
The charges include breach of contract, conversion, quantum meruit, unjust enrichment fraud, and violations of the Illinois Consumer Fraud and Deceptive Business Practices Act.
Status is asking for $202,800, court costs, interest, and whatever the judge feels is fair for “disgorgement of profits.”
