Tamar Braxton’s Husband Accused of Owing $3 Million
theJasmineBRAND.com exclusively reports, Tamar Braxton’s husband/music exec Vince Herbert has blown off a $3.4 million dollar legal battle with Sony Music – in which he is accused of refusing to hand over millions owed to the label – and now the company has headed to court demanding he be hit with a default judgement.
Here’s the latest: This month, Sony filed a motion for default judgement explaining Vincent Herbert was served with the legal docs and has failed to respond to the allegations in court. They are seeking the full $3.4 mill + interest.
Here’s the backstory: Last year, Sony Music Entertainment sued Vincent Hebert, accusing him of screwing them over after they paid him $5 million dollars.
Back in 2013, the parties entered into a deal with his company, Streamline Records, in which he would be paid to bring in new artists.
Sony paid Herbert a $5 million dollar advance against their share of the joint venture future profits, in exchange they would have the right to recoup the advance from payments due to Herbert from Interscope Records. Herbert was to direct Interscope to make the payments directly to Sony and barred him from changing this without their approval.
The deal stated Herbert was to submit 2 new artists per year. The first artist accepted under the new deal was his wife Tamar Braxton, who received a total of $1 million to record her first album. He was also named the Executive Vice President of A&R and was paid $100k salary.
Around October 2015, Herbert allegedly notified Interscope to cease making payments to Sony, which resulted in Herbert being paid monies owed to Sony, to recoup on their advance. The label has only been paid $1,528,315 from the $5 million advance.
Sony filed suit demanding Herbert return the remaining $3,471,685 owed. Check out the legal docs below.