Tamar Braxton Husband Ordered To Pay $3.7 Million To Sony!
Tamar Braxton’s husband and business manager Vincent Herbert has been ordered to pay a serious coin to Sony Music. Herbert has reportedly failed to respond to a lawsuit and was issued a default judgement. In short, he has to pay $3,738,515.93 to Sony.
theJasmineBRAND.com broke the story back in March, Sony filed a motion for default judgement explaining 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.
Last year, Sony Music Entertainment sued 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.
Herbert nor Braxton have yet to respond.