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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