Information reaching Kossyderrickent has it that Chris Brown is reportedly being sued for $2M by Popeyes for an unpaid loan to purchase two restaurants.
In this case, Chris Brown is likely to be held responsible for repayment, as the suit filed in California is a collection suit. This indicates that City National Bank has already won a default judgment against the singer and is seeking to recover the owed funds.
The status of The-Dream’s involvement and potential liability in this claim remains unclear.
This lawsuit is the latest in a series of legal challenges that Chris Brown has faced. He is currently contesting a $71 million dog attack lawsuit brought against him by his former housekeepers. The trial, initially scheduled for September 2023, has been postponed to December 2023 by court order.
Chris Brown and Dream are part of an investment group that bought into the company.
According to the bank, they gave Chris and his crew the money back in 2018 and attempted to collect it a few years later. “As of February 17, 2023, Borrower and Guarantors owe $2,140,901.74 in unpaid principal and interest,” the bank states.
Chris messed up – an a few ways.First and foremost, the bank claims “Mr. Brown is a personal guarantor ” of the loan and is now on the hook for the money.
Chris Brown has been hit with a $2million lawsuit from a bank that alleges it loaned the “Run It” singer the money to purchase two Popeyes Chicken fast-food restaurants.
According to The Blast, City National Bank — a Georgia-based company — filed the lawsuit in California, because that’s where Brown resides. The lawsuit claims that the loan — which was given to a collective of people, including Brown and The-Dream to purchase the restaurants, which never came to fruition — remains unpaid.
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