Jermaine Dupri has taken to this Global14 blog to slam rumors that he’s losing the rights to some of his record label’s music. The So So Def music mogul, behind names like Da Brat, Jagged Edge and Xscape, is being sued by SunTrust bank for defaulting on a $4.9 million loan from 2010.
The bank claims that the producer backed up the loan with copyrighted music from his label, which is something Dupri says isn’t true. In an all-caps rant, the singer posted this message in regards to the controversy:
“IF YOU’RE A FOLLOWER OF WHAT I DO HERE AT GLOBAL14, YOU KNOW THAT GOSSIP, RUMORS AND ALL THAT BULLSH*T WE DONT DO, BUT!!!! ONE OF THE REASONS I DID CREATE GLOBAL14 IS TO MAKE SURE THAT WHEN SOMETHING HAPPENS WITH ME THAT IS WORTH KNOWING, THIS IS WHERE YOU GET THE REAL. WITH THAT BEING SAID, SUNTRUST BANK IS FULL OF SHIT !!! AND THIS STORY IS A COMPLETE LIE, ON THE COCKY SIDE …. $1.9 MILLION FOR ALL MY MUSIC? GTFOH!!!!
LOL,I HATE THAT I HAVE TO ADDRESS THIS, BUT I WAS ALWAYS TOLD ‘ONE CAN ROB YOU OF ALL YOUR MONEY AND THEY GET AWAY WITH NOTHING BUT WHEN THEY ROB YOU OF YOUR NAME THEY HAVE TAKEN IT ALL’. FUCK THAT !!!!”
According to a report, the bank says Dupri will not incur any attorney fees if he pays up within 10 days of the filing.