The ultimate Verzuz battle: Timbaland & Swizz Beatz are suing Triller for $28 million.
— inflating user numbers just weeks before it was expected to go public as part of a special purpose acquisition company merger.
According to Tuesday’s lawsuit, under the terms of Triller’s deal to buy Verzuz, the first cash payments to Timbaland and Swizz Beatz were due January 2021 and April 2021 – both of which Triller successfully made. But when another payment was due in January 2022, the producers say the company failed to pay.
“The aforesaid defaults constitute material breaches of the agreement by defendants,” the pair’s lawyers wrote. “By reason of defendants’ continuing uncured defaults, the sum of $28,095,000.00 is immediately due to be paid under the agreement.”
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