Braxton settles suit against ex-manager
February 15, 2007
Toni Braxton has settled her multimillion-dollar lawsuit against her former personal manager, representatives of both parties said.
Under the settlement, the 39-year-old R&B singer is free to pursue new projects following her return of a $375,000 (J$25.13 million) advance to manager Barry Hankerson, Braxton representative Michael Sitrick said on Tuesday.
Hankerson had previously demanded an additional US$1 million (J$67 million) to provide the singer with only a partial release from her contract, Sitrick said.
A Hankerson attorney, Samuel Chilakos, disputed that description of the settlement, saying he was unaware of a demand for additional funds and that the agreement limits the companies with which Braxton can work.
Braxton would be responsible for paying royalties from her next album to Hankerson, both parties said.
Braxton's lawsuit claimed that Hankerson owed her at least $10 million for dirty dealing that caused her to abandon a long relationship with Arista Records, a Sony BMG Music Entertainment label, for Blackground Records, the manager's record label.
Financial interests
The lawsuit accused the manager of putting his financial interests ahead of Braxton's and inducing the singer to leave a lucrative deal with Arista through fraud, deception and double-dealing.
Hankerson on Tuesday disputed those allegations.
"She was dropped from Arista because of record sales," he said, adding that Braxton did not want to move to Blackground Records but "there was nowhere else for her to go."...
Author: Gleaner Reporter
Source: Jamaica Gleaner
