Jay-Z suing Highland Capital over hotel loan
He’s got 99 problems and presumably this is one of them.
Hip-hop star Jay-Z has filed a lawsuit against Highland Capital Management, accusing the Dallas hedge fund firm of delaying a loan so that it could continue to collect interest payments. The lawsuit is seeking over $3.7 million in damages.
The rapper, real name Shawn Carter, wanted to build a boutique hotel on West 21st Street in Manhattan.