Saturday, September 3, 2011

Judge multiplies Lawsuit damages against Prince by 40 to $4million


    Music icon, Prince was slammed with a lawsuit in 2008 by Revelations Perfume and Cosmetics Inc.And now he might have to shell out a fortune in damages.
      The perfume company claimed that both Prince and Universal Music Publishing Group had failed to help promote a fragrance inspired by his album 3121 released in 2006.
The company sort $100,000 in damages.But according to the New York Journal the company would be recieving 40 times more than that thanks to the judge.
In addition to their $100,00 the company would also get $3.9 million to cover the expenditures it had made in reliance on Prince's commitment to promote the perfume, 3121.

    But they cannot celebrate just yet as the award would have to be confirmed by another judge first.
Prince's lawyer told he Journal they intend to fight to ensure that the amount is not confirmed.
The fragrance company spent over $2.5 million for licensing privileges and agreed to give Universal a 50 percent cut of the proceeds.
In return, Prince was expected to help market the fragrance.


    The company's lawyer states that prince refused to give media interviews and stage in-store events and so the company was unable to meet the minimum licensing requirements and thus the licensing agreement had to be closed.
   The lawsuit states:"Since July 2007, despite repeated attempts by Revelations there have been virtually no communications from anyone who could commit to or coordinate any promotional efforts by Prince,"