Chris Brown faces a $2 million lawsuit over an unpaid mortgage to buy two Popeyes rooster eating places, in keeping with authorized paperwork.
Chris Brown is dealing with a lawsuit over an unpaid mortgage to buy two Popeyes rooster eating places, authorized paperwork reveal. Metropolis Nationwide Financial institution is suing the singer, alleging it loaned him and two different associates $2 million — which stays unpaid — to buy a pair of Popeyes eating places.
The lawsuit states that, as of February 17, 2023, Chris Brown and his guarantors owe $2,140,901.74 in unpaid loans and curiosity. Though the lawsuit technically originated within the state of Georgia, the financial institution filed a case in Los Angeles courts since Brown is a present resident.
It’s unclear if the financial institution can also be suing rapper The-Dream, however the lawsuit listed him as a mortgage recipient alongside Brown. Nonetheless, the lawsuit particularly names Brown as a private guarantor, making him answerable for the unpaid portion of the mortgage.
Metropolis Nationwide Financial institution has been making strikes to get their a reimbursement from Brown since 2018, and has already received a default judgement towards him in Georgia, the place the battle originated. They filed the brand new movement as a group swimsuit in Los Angeles, with the financial institution claiming he owes $1,314,367.40.
It’s unknown if Chris Brown’s meant buy of the 2 Popeyes eating places was profitable or if the end result was financially viable, however this isn’t Brown’s first foray into quick meals franchise possession. The singer reportedly owns a number of Burger King eating places in his house state of Virginia.
Brown’s web value is reportedly between $50 million and $150 million, so he shouldn’t have an excessive amount of bother paying the financial institution what he owes. Nonetheless, the financial institution having issued a lawsuit not solely in Georgia however in Brown’s present house state of California signifies that he appears decided to not pay again the mortgage. Time will inform if this leads to a protracted authorized battle.