Jermaine Dupri May Lose Song Rights In Lawsuit

jermaine dupri

(Via our partner JohnnyUrban.com)

Jermaine Dupri may lose the rights to some of his So So Def label’s music thanks to a $1.9 million lawsuit. According to the Atlanta Journal-Constitution, the mogul is being sued by SunTrust bank for defaulting on a $4.9 million loan from 2010.

The bank says that Dupri backed up the loan with copyrighted music from the label, which boasts releases by Xscape, Da Brat, Jagged Edge, Lil’ Bow Wow and more.

Dupri is no stranger to financial woes, having taken out the initial loan in 2009 to pay off taxes and liabilities, which he restructured the following year. Dupri, So So Def and another company controlled by Dupri, Southside LLC, were listed as guarantors. Southside was not named in the suit.

At one point, SunTrust agreed to allow Dupri to sell a catalog of songs as part of a plan to repay the debt. The documents do not specify which songs, but that deal apparently fell apart.

He’s also twice faced foreclosure on his $4 million Atlanta mansion, but the sale has yet to take place.

The bank’s suit says that Dupri, who has yet to comment, won’t incur attorney fees if he pays up within 10 days of the filing.

(Photo by Prince Williams/Getty Images)