Legal-Bay says 50 Cent Files for Bankruptcy Protection then Claims Poverty in Leaked Sex Tape Trial

QUEENS, N.Y. - July 29, 2015 - PRLog -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, reports that 50 Cent filed bankruptcy protection after he was ordered to pay a woman $5MM for damages after putting sex tape online. Then, the rapper testified in court and claimed poverty in the leaked sex tape trial. The jury didn't seem to buy it that the high profile rapper was broke and they socked him with another $2MM in damages. According to The NY Daily News, 50 Cent took the witness stand in Manhattan Supreme Court and claimed that his lifestyle was a “mirage,” done for entertainment. 50 Cent was ordered to pay the woman involved the large award involving the sex tape due to the “infliction of emotional distress.”

50 Cent’s civil lawsuit troubles are now mounting. In 2014, the rapper was sued by Sleek Audio and the jury found that “Fitty” was found to be liable for damages totaling $17MM, which brings the total still unpaid for both suits up to $24MM. The rapper's lawyers have stated their desire to fight the jury verdict awards with verdict appeals and post-trial motions.

Sexual misconduct and sexual harassment cases like this unfortunately occur, and cases with large jury or judgment awards take many years to resolve through the courts and appellate process, especially when you have bankruptcy issues that could impact the plaintiff’s ability to collect. Legal-Bay is one of the few companies in the lawsuit funding industry that is willing to consider funding of cases involving bankruptcies. Additionally, the company is a leader of sexual misconduct, sexual assault, and sexual harassment suits, whether in the workplace or not, as well as commercial litigation and verdict or judgment on appeal cases.

Chris Janish, CEO, commented on the company’s focus of assisting plaintiff’s in these situations, “Unfortunately the 50 Cent verdicts represent challenging efforts for the plaintiffs to collect their money, even from someone like 50 Cent who has been portrayed as a multi-millionaire and hip hop star. However, our company has sophisticated underwriting teams that can help the plaintiff secure some funding regardless if there is a personal bankruptcy or bankruptcy from the plaintiff. Verdict on appeal funding is something every plaintiff, and their attorney, should consider due to the risk of an appellate loss or the inability to collect.”

Legal-Bay, a lawsuit money firm, is committed to aiding victims involved in such cases, and any funds received are done risk-free, since the funds only need to be repaid if the plaintiff is ultimately successful in collecting their money. For more information on the funding programs and a complete list of cases Legal-Bay funds, including clergy or Catholic Church sexual abuse cases, sexual harassment in the workplace, prison rape cases, police brutality, video or text sex harassment, rape in group homes and other sex crime cases, and commercial litigation cases, please visit the company’s website at:  http://lawsuitssettlementfunding.com

If you, or a loved one, require an immediate cash advance settlement funding feel free to call Legal-Bay on its toll-free hotline at: 877.571.0405.

Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding, which means you only repay the settlement advance if you win your case. None of the programs should be considered to be a lawsuit loan, lawsuit loans, settlement loans, settlement loan, pre-settlement loans, or a pre-settlement loan.