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By Adam S. Levy for Dailymail.com
April 14, 2023 01:26, updated April 14, 2023 01:45
- The 28-year-old Houston native filed legal papers in her ongoing lawsuit with the brand
- Crawford, 41, has been shorting company funds to prevent a potential legal decision in which she could win against him, she said
- She said millions of dollars had been deposited into the brand’s account, but its balance showed less than $10,000
megan you stallion She said Carl Crawford, the owner of her 1501-certified entertainment label, has not been paying her and is taking company money in the hope that she might win a potential legal judgment against him.
The 28-year-old Houston native filed new legal papers arguing the former MLB All-Star-turned-music mogul did not compensate her fairly, TMZ reported Thursday.
music artist, Full name is Megan Jovon Ruth Peteaccusing Crawford, 41, of mismanaging company funds through “fraudulent asset transfers” in court documents.
She said Crawford “drained millions of dollars in 1501’s principal bank account” and took most of the money the company generated for himself. billboard According to reports, citing legal documents.
Millions of dollars had been deposited into the brand’s account — the figure was redacted in legal documents — but its balance showed less than $10,000, she said.
In legal filings, the Sweetest Pie entertainer said the only people getting paid from the brand were executives Crawford, J. Prince and Gee Roberson.
Meghan sued 1501 in 2020, claiming the label prevented her from releasing new material after she attempted to amend the terms of her agreement.
The Cry Baby singer said in legal filings that she filed the latest motion to protect the company’s bottom line because she believes executives intentionally shorted accounts in anticipation of potential fines in ongoing litigation.
According to Billboard, the music artist’s legal team said in court that “based on 1501’s undercapitalization, 1501 will likely receive judgment when Pete is able to obtain final judgment on the merits of her claim.”
Meghan’s legal team asked the judge in the case to appoint a third party to monitor and decentralize the music company’s finances “until this dispute is resolved.”
As an alternative, the singer’s lawyers said, a receiver could be appointed “to take over all of 1501’s bank accounts and any other bank accounts controlled or owned by Carl Crawford, including where funds were transferred from them.
1501’s attorneys issued a statement to Billboard saying that “these allegations are baseless” and that they “believe that 1501 will prevail on these motions and ultimately recover the substantial sum owed to 1501 by Ms. Pitt.”
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