EXCLUSIVE: Diddy Vs. Sean John – $60 Million Lawsuit Dropped

Diddy has dropped his $60 million lawsuit towards Sean John, a model he based, as allegations of extreme misconduct proceed to shadow the rap mogul.

Agreements between Diddy and vogue home GBG Sean John LLC and GBG USA Inc. have led to a voluntary dismissal of the case, together with all claims and counterclaims, as of Friday (June 21).

Diddy based Sean John in 1998 and grew the corporate to annual gross sales of about $450 million by 2016, when he offered 90 p.c of the model to International Manufacturers Group for round $70 million.

The connection grew to become rocky by February 2021. Diddy started locking horns with the corporate, submitting a number of lawsuits towards GBG for allegedly misusing his picture and persona to market their merchandise with out consent.

In a single occasion, Diddy accused GBG of unlawfully utilizing his picture to advertise a collaboration with vogue retailer Missguided. One other authorized battle noticed him combating for trademark rights over the phrase “Vote Or Die,” which he claimed GBG exploited with out his consent.

Diddy asserted that Sean John and GBG leveraged his title and popularity to drive gross sales with out his approval.

Diddy secured the successful bid to purchase again the floundering Sean John model for $7.5 million after GBG filed for chapter.

The dismissal, signed off in New York Metropolis, permits Diddy the liberty to pursue these claims towards GBG at a later date. These days, the embattled mogul faces rather more critical authorized points.

His ex-girlfriend Cassie Ventura sued for emotional and bodily abuse spanning a long time. The allegations had been confirmed when a stunning video from 2016 was leaked exhibiting the mogul dragging, kicking and stomping her in a resort hallway.

Diddy can also be going through at the least seven lawsuits over allegations of sexual misconduct, abuse, and human trafficking and his mansions in Los Angeles and Miami had been raided by Homeland Safety as a part of a broader investigation into his actions.

The fallout from these accusations has led quite a few corporations to sever their enterprise ties with Diddy, together with Macy’s, which dropped the Sean John line from their shops.

Extra just lately, Diddy employed highly effective lawyer Michael Tremonte of the regulation agency Sher Termonte.

The agency makes a speciality of RICO instances, federal and state legal and regulatory investigations, protecting securities, insurance coverage, and accounting fraud, antitrust violations, improper buying and selling, market manipulation, tax fraud and cash laundering.