Under the terms of the agreement he was
paid around $250,000 and further instalments of $20,000 for every tenth
mention of the brand on social media, at concerts or during TV
appearances.
But he
believed his contract also entitles him to a portion of the sale price
should Pabst sell the business before January 2016, as well as royalties
on each case of Blast that was sold.
Consequently
he is seeking 10 per cent of the net sales price paid to Pabst for its
Colt 45 malt beer line, which was included in last year's sale to beer
entrepreneur Eugene Kashper and an investment firm, so he is suing
American beer company Pabst, claiming he is owed money from its sale
last year.
Pabst
wrote in a statement that it had not been contacted by Snoop Dogg or his
representatives about the proceeds and cited the company's new
management.
'We are
investigating the matter and would be happy to talk to Snoop or his
representatives to try to get to the bottom of this,' the statement
said.
The lawsuit states Pabst told the rapper
that the sale didn't trigger the clause entitling him to sale proceeds.
The deal to sell Pabst to Kashper and San
Francisco-based TSG Consumer Partners LLC was finalized in November.
No purchase price was announced, but the
lawsuit filed by the rapper's attorney, Alex Weingarten, states Pabst
was reportedly sold for $700 million. It is unclear how much of the sale
price was for the Colt 45 line of beers.
Culled
from Daily mail.
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