Friday, July 26, 2013
Jermaine Dupri Files Counter Suit
Last month SunTrust Bank filed a lawsuit against Jermaine Dupri after he defaulted on a $4.9 million loan [click here if you missed that].
JD is filing a counter suit...
According to AHH Jermaine Dupri filed a counter claim against SunTrust Bank claiming they were supposed to structure the loan using So So Def publishing royalties to pay his Federal and State taxes.
JD claims the bank never paid his tax bills causing him to be hit with multiple tax liens. Jermaine also claims SunTrust restructured his loan payments based on unrealistic projections of his income.
JD filed the counter suit because Sun Trust is trying to foreclosure on his home and seize his assets without trying to resolve the situation.