January 18, 2017  

Russell Simmons Filed His First Lawsuit to Protect Name

September 10, 2010 (7:01 am) GMT
The music mogul is seeking $55 million in damage for the constant risk that Li and Fung USA has put for his brand American Classics.
Russell Simmons

Russell Simmons has filed a $55 million lawsuit for fraud and breach of contract over a failed clothing deal - his first lawsuit in 30 years of business. The hip-hop mogul has accused executives at Li & Fung USA of failing to sell or promote his fashion range, American Classics, after signing an exclusive license contract with them in 2007.

Simmons claims it is the first time he has ever had to take legal action but he's determined to win the case and "protect his name". In a statement, Simmons writes, "Over the last 30 years, I've built successful groundbreaking businesses in music, apparel, television, film, jewelry, games and multiple charities and causes. Not once have I ever had to file a lawsuit."

"For the first time in my career I found myself with a partner in Li & Fung, which had executives who willfully and repeatedly put the integrity of my brands at risk... In 2007, Li & Fung USA approached me about obtaining the exclusive license for American Classics, my smart budget mass-market apparel brand... They expressed a false enthusiasm for my flagship brand in order to induce me into licensing them my mass-market brand (sic)."

"After two years of repeated misrepresentations, failed execution and lack of development and support, it is blatantly clear that Li & Fung USA never intended perform its contractual obligations... Therefore I have taken this action to protect my partnerships with retailers and recover millions in damages on behalf of my brands and to protect my name and reputation in the industry."

Simmons is demanding damages in excess of $55 million, according to the suit filed in the Supreme Court of the State of New York.

TODAY'S HEADLINES

  1. 'Guardians of the Galaxy Vol. 2' Toys Reveal First Look at Kurt Russell's Ego
  2. Will Kanye West Perform at Pal Donald Trump's Inauguration?
  3. Fergie Who? Nicole Scherzinger to Replace the Singer in Black Eyed Peas
  4. Tupac Shakur Biopic 'All Eyez on Me' Is Set to Be Released in Summer
  5. Kendall Jenner and A$AP Rocky Reignite Dating Rumors After Seen Shopping Together
  6. Ariana Grande Criticized for Claiming She's the 'Hardest Working 23-Year-Old' on Earth
  7. Lady GaGa Teases Super Bowl Performance in New Behind-the-Scenes Video
  8. 'Game of Thrones' Latest Tidbit Reveals This Character's Unlikely Return in Season 7