50 Cent has avoided having to pay $1 Billion to a former drug lord who claimed his life story was the source material the rapper used to create his popula Power franchise.
According to AllHipHop, the G-Unit Films and Television mogul beat three separate legal claims levied against him by Cory “Ghost” Holland.
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Their ordeal started in 2021, when Holland filed a lawsuit against Fif, Power co-creator Courtney Kemp, Starz and Lionsgate, claiming that the series borrowed heavily from his life without his permission. Holland alleged that he had documented his story on a CD, which he sent to a Kemp’s father, asking for help to get out of the drug game.
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In a separate legal claim, Holland accused 50 Cent of harassment, saying the rapper had sent his “goons” to intimidate him. In a third lawsuit, the man charged Lionsgate and Starz with failing to protect him from the threats made by 50 and his alleged henchmen.
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However, Judge Analisa Torres has officially dismissed all three cases.
The professional and legal victory comes just ahead of 50 Cent’s upcoming appearance at Invest Fest in Atlanta, set to take place August 24-25.
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Fif will be leading the stacked lineup that includes the likes of Steve Stoute, T.I., Wyclef, will.i.am, Zaytoven, Stephen A. Smith, Lauren London and many more.
In a statement to TMZ, Earn Your Leisure co-founder Troy Millings said the headliner choice was a no-brainer given that the New York City native represents “the powerful blend of culture and business.”
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“We believe [50’s] insights and experiences will inspire and empower our audience to pursue their own paths to financial freedom,” fellow co-founder Rashad Bilal added.
Having branched out into music, liquor, merchandising and most recently film and TV, 50 Cent is definitely a great fit for the annual gathering.
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Recently, the business mogul and his team unveiled a “three-phase” initiative for his newly-launched G-Unit Film Studios in the Louisiana city of Shreveport that involves him investing directly into the people and the community. In fact, he has already kicked off the first part of the process, which will see him revitalizing a number of properties in downtown Shreveport.
Gerod Durden, the real estate broker assisting the 48-year-old in the process, revealed that the “In Da Club” hitmaker plans on buying and renovating about two dozen commercial properties.
“He is very passionate about the city,” Durden said. “I would say 10 or more properties that we’ve already closed a few of this week. It’ll be an additional 10 or so. These are all-cash offers. You know, there, there’s quite a few entertainment spots for not only adults and kids.
“He’s bringing a big jump park here. I mean, it’s a substantial size park. We’re looking at a grocery store in the immediate downtown Shreveport area, and those are ideas that we come up with together with the whole team. What can help the community?”
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Following the commercial revitalization, the team will move towards helping ease the path to home ownership by making more units available via attainable financing.