News

Rapper Flo Rida awarded significant money from energy drink lawsuit – One America News Network


BEVERLY HILLS, CA - APRIL 20:  Flo Rida performs onstage at the 25th Annual Race To Erase MS Gala at The Beverly Hilton Hotel on April 20, 2018 in Beverly Hills, California.  (Photo by Emma McIntyre/Getty Images for Race To Erase MS)
Flo Rida performs onstage at the 25th Annual Race To Erase MS Gala at The Beverly Hilton Hotel on April 20, 2018 in Beverly Hills, California. (Photo by Emma McIntyre/Getty Images for Race To Erase MS)

OAN Sophia Flores
UPDATED 3:52 PM PT – Friday, January 20, 2023

Rapper Flo Rida has been awarded $82.6 million after being victorious in his lawsuit against the drink company Celsius. The lawsuit came about after the energy drink company breached its contract with the singer, and tried to hide money from him.

The Broward jury sided with Flo Rida, whose real name is Tramar Dillard, on Wednesday. The south Florida jury sided with Dillard on all three of his claims. They found that Celsius had breached a 2014 contract which should have given the singer 250,000 company shares, a 2016 contract worth 500,000 shares, and withheld royalties from the company’s sparking orange drink flavor which launched in 2018.

Prior to Dillard endorsing the brand, shares of the company went for $1. Currently shares are going for over $100 per share. The rapper believes that his endorsement has played a big role in the company’s success.

“I was instrumental in Celsius, which you know and love today,” Flo Rida said. “I put them on my back and Celsius accompanied me all over the world, through my videos, concerts, appearance and social media.”

The lawsuit was first filed by Flo Rida and his production company, Strong Arm Productions, in May 2021. After the verdict was read, Dillard announced that he has gained a “new respect for the judicial system.”





Source link

TruthUSA

I'm TruthUSA, the author behind TruthUSA News Hub located at https://truthusa.us/. With our One Story at a Time," my aim is to provide you with unbiased and comprehensive news coverage. I dive deep into the latest happenings in the US and global events, and bring you objective stories sourced from reputable sources. My goal is to keep you informed and enlightened, ensuring you have access to the truth. Stay tuned to TruthUSA News Hub to discover the reality behind the headlines and gain a well-rounded perspective on the world.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.