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.

12 comments:

Anonymous said...

Somebody needs a good CPA.

Anonymous said...

a loan company was supposed to pay "your" taxes?
GTFOH~!!

Anonymous said...

I can settle this.If those expectations were unrealistics, then he's also realistic cause he agreed to those terms. And Suntrust probably only oringinally agreed to those terms based on the fact that he was not finacially reliable in any other way. They did him a favor, he still defaults and he sues them. That ungratefully broke bastard.

Tippie Toes said...

Nah instead he should be more concerned as to why his home isn't paid off after all these years he obviously doesn't know how to manage his business affairs or personal for that matter

Anonymous said...

why did he sign to it. i was so suprised to see janet dating him.

Anonymous said...

12:41

When you have a mortgage, a portion of your funds go into escrow so they can pay your insurance and taxes. So yes a loan company was supposed to pay HIS taxes.

Anonymous said...

Money ain't a thang huh?

Delited said...

He got a hired a crooked lawyer that fine-tooth combed thru the case, or at least says he did, and found a possible loop-hole in it that most likely is not going to stick. Loser...I don't feel sorry for him. He's touched too much money in this lifetime to be enduring this predicament. Dumb ass.

Anonymous said...

I wonder if he got a 2nd mortgage because he projected he would be 'Mr. Jackson' by now...jus sayin

Anonymous said...

Maybe Brat will give him some of her reality royalties after she finished paying restitution #straightupratchetness

Anonymous said...

Bet you wish that you had done better when it came to being with Janet....maybe you would have been able to keep your sh-t.

Anonymous said...

Man people don't get it. These guys like to "high-side" all of the time. Even when they don't have it. Yeah you making 60g's a month, but you spending 100g's a month, so how do you think the math is going to come out right? I used to see JD pop endless bottles in the club, I'm talking $500+ a bottle. Every night all-night, JD ran the ATL at one time it's just a shame that he could not put some cash up for when the hits stop coming...:(

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