Sean ‘Diddy’ Combs sued for bagging $55 million deal
According to Franklin, “the seller has refused to close or sell the property to the buyer as required by the contract.”
He asks for attorneys’ fees and damages, adding, “The buyer has suffered damages as a direct and proximate result of the seller’s default and breach of contract.”
Franklin’s attorneys, KHL Law, also filed a “Notice of Lis Pendens to Notify Potential Buyers.” Franklin is not suing Combs personally, but his firm, 1 West Star Island LLC, which was used to purchase the swish pad.
The officers of the LLC are former Combs Enterprises president Tarik Brooks and Margaret Stephens, a member of Tri-Star, Combs’ corporate management.
Tri-Star and its owner, Lou Taylor, came under scrutiny for having joint control of client Britney Spears’ conservatorship, where the singer alleged they made $18 million by mismanaging her finances in cahoots with her father, Jamie.
