Sometimes it’s best to just cut your losses.
Will.i.am, front man for Grammy Award-winning group Black Eyed Peas, has to kick out $2.2 million to his former business partner for a business deal gone sour.
FIH Mobile filed a lawsuit against his i.am+ company over a deal to produce a line of headphones. After the company paid $3.4 million to make the high-quality headphones, they claim that the Black Eyed Peas guy decided not to pay.
Will.i.am alleges he never had an agreement over the headphones with FIH. He claimed the company did not deliver the headphones on the schedule, producing a product that was sub-par the agreed upon standards, causing delays in delivery to customers and failed to fulfill product orders.
Earlier this month, the two parties came to an agreement where the rapper would pay FIH Mobile $2.2 million to settle their dispute out of court.