Karrueche Tran & Former Manager Settle $1.4 Million Fraud & Breach Of Contract Lawsuit
Karrueche Tran‘s legal drama with her ex-manager is now over!
Last year, Karrueche Tran filed a $1.4 million lawsuit against her former manager–Jacob York–and his company, Electric Republic. Karrueche Tran, who had been with the management company since 2016, accused Jacob York of fraud, breach of contract, and breach of private duty.
Specifically, the 33-year-old actress and model accused Jacob York of not paying her what she was owed from her ColourPop profits. Karrueche collaborated with the makeup brand back in 2016 to release a limited edition collection, KaePop. In her lawsuit, Karrueche alleges that she only received less than 20% of the $1.4 million she was owed:
“Electric had only paid Tran $276,003.90 attributable to the Venture, thereby causing Tran to believe that the Venture had only generated approximately $345,004.87 in total revenues. Defendants encouraged this false belief by repeatedly misrepresenting to Tran that the Venture had not been particularly successful and that her relatively low royalty payments were, therefore, to be expected. In truth, the Venture had been one of ColourPop’s most successful cosmetic lines to date.”
However, Jacob York denied any wrongdoing and–in turn–accused Karrueche Tran of owing him funds. Jacob claimed he was owed money for funding Karrueche‘s lifestyle and promoting her “fledging career.”
Now, the legal drama between the pair has come to a close. The allegations against both parties have been dismissed, and the terms of the settlement are confidential.
What do you think about the situation? Comment down below to let us know!