Undefeated Floyd Mayweather Jr. Loses A Round in Court Over Rapper

[Walter Cronkite]

Floyd Mayweather Jr. may be undefeated in the ring, but he suffered a loss to Just for You Entertainment yesterday (June 16th) in court.

While the victory was extremely small, The New York Post reports that a judge awarded Just for You Entertainment $6,000 because Floyd's label Philthy Rich Records signed Freck Billionaire to a contract in violation of a previous agreement with Just for You.

Just for You was seeking over $600,000 in damages, claiming that Mayweather’s Philthy Rich signed Freck in violation of a 2005 agreement the rapper signed with the company.

That was quickly whittled down to a $6,000 judgment, because of a lack of evidence in court and because Just For You’s owner, Ahmed Fahmy, failed to provide enough written evidence to receive more damages.

Mayweather never answered the suit and didn’t even send lawyers to yesterday’s court proceedings, according to the New York Post.

In August of 2009, Floyd Mayweather Jr. publicly chastised Freck Billionaire over the matter during an interview with AllHipHop.com.

Mayweather was angry that Freck Billionaire signed to Philthy Rich, even though he knew he was in a previous, binding agreement with Just For You Entertainment.

After dropping him from the label, Mayweather also accused Freck Billionaire of stealing a diamond watch.

"We were working with an artist named Freck Billionaire. When he came aboard we asked if he had any contracts and he said no,” Floyd Mayweather Jr. told AllHipHop.com in an exclusive interview. “Come to find out he was signed with somebody. The guy was trying to sue us and Freck stole one of our watches and left. So we’ve been looking for Freck Billionaire but he’s been ducking and dodging us. He stole a diamond watch and left."

Freck Billionaire wasted no time responding to Mayweather’s interview, and accused the boxer of being greedy and arrogant.

“Since you really at the bottom of your heart don't wanna see anyone around you with anything, I'll send a courier to you with my watch. Maybe you can use it to lure in your next victim," Freck told AllHipHop.com.

Freck’s manager Animal Steele also clarified the watch theft allegations, saying it was a signing gift for joining Philthy Rich Records.

“The watch was a gift from Floyd to Freck. It symbolized the business arrangement that we were all heading into together,” Animal Steele told AllHipHop.com.

Source: allhiphop.com