NeYo Hit With $4.5 Million Lawsuit
Ne-Yo is about to face off against an ex-business manager in court. According to The Jasmine Brand, the singer/producer is being sued by his former business manager Kevin Foster on allegations Ne-Yo inked a deal with his consulting firm Vernon & Co to look after his finances and pay a 5% commission on gross revenues. Foster claims he was manager some of Ne-Yo’s business and financial transactions which included advising him on investments and shoots down allegations he was to secure Ne-Yo’s budget and make sure he was financially stable to keep the lifestyle he’s become accustomed to. While Foster admits he did have access to Ne-Yo’s bank accounts, he never committed any acts of fraud or any of the allegations the singer has charged against him.
Foster’s lawsuit comes on the heels of Ne-Yo’s court claims against him where he alleges Foster and his firm moved funds from his account without his knowledge, forged his name on bank loan documents and invested his money into a water company Foster was in charge of that was about to go bankrupt. Ne-Yo is suing for $8 million.