Drake, as well as his OVO Touring company, has been sued for making more than $200,000 off of a Chicago concert promoter from canceled tours.
SPIN reports that court documents filed Tuesday (December 10), allege that Drake canceled two agreed-upon performances, increased agreed-upon prices, and that a third party spent half of the money on an unrelated event.
The lawsuit, filed by Status Entertainment, details the communication between the company and Drake’s representatives about a show for March 2012. Status alleges that OVO agreed to the show at an asking price of $250,000, and Status transferred $100,000 over, but the concert was canceled. OVO allegedly failed to return the funds, claiming that another member of Drake’s camp spent it on a separate event.
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The document alleges that status had a second agreement for an October 2012 show at the Allstate Arena, claiming that they sent just of $100,000 this time to Drake’s camp, but OVO became non-responsive, and eventually wrote back, “We changed the price because our value went up.”
Status demanded its money back, at which point OVO said it would refund the money. However, no money was ever sent back.
The charges include breach of contract, conversion, quantum meruit, unjust enrichment fraud, and violations of the Illinois Consumer Fraud and Deceptive Business Practices Act.
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Status is asking for $202,800, court costs, interest, and whatever the judge feels is fair for “disgorgement of profits.”
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