50 Cent Files for Bankruptcy Protection then Testifies and Claims Poverty in Leaked Sex Tape Trial, says Legal-Bay Lawsuit Settlement Funding Firm

Law Cash Advance Firm says that Queens Rapper now faces $7MM in jury verdict on sex harassment video suit and another $17MM from a trial loss involving a commercial litigation case in 2014 involving Sleek Audio Inc.

Jul 28, 2015, 05:00 ET from Legal-Bay LLC

NEW YORK, July 28, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, reports that 50 Cent filed bankruptcy protection after being ordered to pay a woman $5 million for damages for putting a sex tape online, then testified and claimed poverty in the leaked sex tape trial. However, the jury did not seem to buy it that 50 Cent was broke and socked him with another $2MM in damages. According to The NY Daily News, 50 Cent took the witness stand in Manhattan Supreme Court and claimed that his lifestyle was a "mirage," done out of entertainment. 50 Cent was ordered to pay the woman involved the large award involving the sex tape due to the "infliction of emotional distress." 

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50 Cent's civil lawsuit troubles are now mounting. In 2014, the rapper was sued by Sleek Audio and the jury found that "Fitty" was found to be liable for damages totaling $17MM, which brings the total still unpaid for both suits at $24MM. 50 Cent's lawyers have stated their desire to fight the jury verdict awards with verdict appeals and post-trial motions.     

Sexual misconduct and sexual harassment cases like this unfortunately occur, and cases with large jury or judgment awards take many years to resolve through the courts and appellate process, especially when you have bankruptcy issues that could impact the plaintiff's ability to collect. Legal-Bay is one of the few companies in the lawsuit funding industry that is willing to consider funding of cases involving bankruptcies. Additionally, the company is a leader of sexual misconduct, sexual assault, and sexual harassment suits, whether in the workplace or not, as well as commercial litigation and verdict or judgment on appeal cases. 

Chris Janish, CEO, commented on the company's focus of assisting plaintiffs in these situations, "Unfortunately the 50 Cent verdicts represent challenging efforts for the plaintiffs to collect their money, even from someone like 50 Cent who has portrayed himself as a multi-millionaire and mega star. However, our company has sophisticated underwriting teams that can help the plaintiff secure some funding regardless if there is a personal bankruptcy or bankruptcy from the plaintiff. Verdict on appeal funding is something every plaintiff, and their attorney, should consider due to the risk of an appellate loss or the inability to collect."    

Legal-Bay, a lawsuit money firm, is committed to aiding victims involved in such cases, and any funds received are done risk-free, since the funds only need to be repaid if the plaintiff is ultimately successful in collecting their money. For more information on the funding programs and a complete list of cases Legal-Bay funds, including clergy or Catholic Church sexual abuse cases, sexual harassment in the workplace, prison rape cases, police brutality, video or text sex harassment, rape in group homes and other sex crime cases, and commercial litigation cases, please visit the company's website at:  http://lawsuitssettlementfunding.com

If you, or a loved one, require an immediate cash advance settlement funding feel free to call Legal-Bay on its toll-free hotline at: 877.571.0405, where live agents are available to take a funding application.   

Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding, which means you only repay the settlement advance if you win your case. None of the programs should be considered to be a lawsuit loan, lawsuit loans, settlement loans, settlement loan, pre-settlement loans, or a pre-settlement loan.

Contact:  Patty Kirby, COO/Head of Client Relations
                 Ph. 877.571.0405 Email intake@legal-bay.com