Celebrity News
Flo Rida Wins Lawsuit Against Celsius Energy Drink, Awarded $82 Million
Flo Rida, whose real name is Tramar Dillard, has been awarded Dillard $82 million in damages after a jury concluded Celsius owed him money after breaching an endorsement contract.
Flo Rida signed an endorsement deal helping launch the energy drink company Celsius to success back in 2014. He renewed his contract in 2016. In 2021 he sued Celsius for breach of contract. He claims he was not given the perks like stock options and bonuses promised to him in his contract. The rap star claims the bonuses were promised based on meeting sale goals. He says the company the not reveal the info of completing those goals.
“He’s entitled to 500,000 shares of stock via the contract, and entitled to 250,000 shares of stock if certain things happen—one of those yardsticks is that a certain number of units of products need to be sold, but unfortunately the contract doesn’t specify which type of unit—is it a box, is it a drink? And there’s no timeframe or deadline,” lawyer John Uustal told Insider.
Celsius lawyers argued in documents that the statute of limitations for Flo Rida to sue them on these terms had passed. The deal had ended in 2018.
Today, Flo Rida has been awarded $82 million in damages after a jury’s decision that Celsius owed him money for breaching an endorsement contract.
-
Celebrity News3 weeks ago
Lil Scrappy Expecting Baby Boy With ‘NowThatsTV’ Star Shakira Hardy
-
Celebrity News4 weeks ago
Black Ink Crew Star Dutchess Reveals She’s Now A High School Teacher and In A New Relationship
-
Celebrity News4 weeks ago
Tommie Is Standing On Business After Bobby Lytes Claims He’s Suing Her For Exposing His Health Status
-
Celebrity News1 week ago
Brooke Bailey Reacts To The Rumor She Married Jim Jones
-
Celebrity News4 weeks ago
Lil’ Durk Arrested On Murder For Hire Charges In Connection With The Attempted Murder Of Quando Rondo
-
Celebrity News3 weeks ago
Cam Newton Admits He Cheats On Girlfriend Jasmine Brown, She Responds
-
Celebrity News3 weeks ago
Tesehki Responds To Chrisean Rock’s Shocking Allegations
-
Celebrity News2 weeks ago
Cardi B Boo’d While Sitting Court Side At Knicks vs Milwaukee Game