Source: Billboard.com
Reportedly, Kanye West settled his $10 million lawsuits over his concert tour for Saint Pablo. Back in November of 2016, Kanye revealed in a statement that he had to cancel the dates and tickets would have to be refunded. A few days later, a report from E! News revealed that the Yeezy rapper had to reschedule the shows due to exhaustion.
An insider said, “Kanye was really tired at the time, after the robbery in Paris it only made sense for him to go back home for a little while.” Additionally, West was working on fashion designs and looking forward to spending time with his family.
Just a few months later in the summer of 2017, Kanye and his team, Very Good Touring, filed a $10 million lawsuit against Lloyd’s of London who worked as Kanye’s touring insurance company.
E! News obtained court documents in August which stated West’s team complained that their insurance company breached the contract and failed to hold up their side of the bargain.
As you may know, insurance companies often find legal loopholes in contracts to avoid paying their clients following their intent to receive renumeration.
Kanye’s team stated “the insurers haven’t paid the multi-million dollar claim nor denied the claim.” Yeezy and his team went on to say that Lloyds hadn’t responded officially and refused to explain why they didn’t pay or offer closure of any type.
The attorney representing the rapper, Howard King, said to Rolling Stone magazine in a statement their altercation had been resolved “amicably.”
The news of the court settlement comes not long after Kanye and his wife, Kim Kardashian, welcomed their third baby into the world through surrogacy. Kim joins her sister Khloé Kardashian and Kylie Jenner who both gave birth in recent months.
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