Jay-Z is suing a financing firm that he says soaked him for more than a million bucks in a failed hotel deal.
Hov maintains his company borrowed $52 million to build a posh hotel in Chelsea, then abandoned it when the economy tanked.
Highland Capital Management was holding the note and agreed to take over the W. 21st St. property - but took four months to finish the deal.
Every day of delay cost Beyoncé's hubby $20,000.
"Mr. Carter's group failed to repay the loan, which remains in default," a Highland spokesman said, adding the suit's claims are meritless.
1 comment:
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