Flo Rida has been awarded 82 million dollars (67 million pounds) in a lawsuit against Celsius.
According to court documents obtained by Billboard, a Florida jury ruled Wednesday that the Celsius energy drink brand had violated an endorsement deal with rapper Flo Rida, in which additional company stock and ongoing royalties from sales were owed to the My House star.
Flo Rida, whose real name is Tramar Dillard, signed two contracts with Celsius in the mid-2010s that entitled him to a one percent stake in the company if it met its sales targets. While Dillard’s lawyers claimed that Celsius had met those targets and now owed him more than $75m (£61m) in equity, the energy drink company’s lawyers explained that the thresholds had not been triggered and that Dillard was “much more” had paid than what he was. owed.
Celsius’ lawyers told the jury, “A business deal is a business deal. You don’t get a resit just because you’re not satisfied with the results.”
After a day of deliberations, the Broward County jury sided with Dillard and awarded him $82 million (£67 million) in damages.
“It was a matter of respect,” Dillard’s attorney, John J Uustal, told Billboard after the ruling was announced. “He owed these shares, he worked for them, and he wasn’t about to let it go just like that.”
Lawyers for the rapper added in a statement that the jury “understood all these complicated legal issues and, in our opinion, came to the right conclusion,” and thus “the court system performed well today.”