Category Archives: Legal
According to RTT News, singer Toni Braxton has signed an exclusive worldwide management deal with entertainment/production company The Collective.
The deal comes as the 44-year old singer and six time Grammy winner prepares to launch the second season of her hit WeTV reality series “Braxton Family Values.”
It is unclear whether the deal involves Toni returning to the music scene. In April while visiting BET’s 106 & Park, Toni told host Rosci she was uncertain about recording a new album and instead was focusing on being a mom to her two young sons.
Fans hoping to see Toni sing live again will always have Broadway. As previously reported, Toni will be returning to the Great White Way in the spring of 2012 to take on the role of Roxie Hart is the latest production of “Chicago.”
Toni Braxton’s creditors won’t get their hands on the songstress’s six Grammys, under a deal that won bankruptcy-court approval this week.
Last month, Bankruptcy Beat blogged about a deal Braxton struck in her bankruptcy to ensure she gets to keep such prized possessions as the Grammys, Tiffany jewelry and 1995 Porsche 911. Court papers show that a Los Angeles bankruptcy judge on Tuesday approved the deal, which allows for the seizure of those same assets if Braxton doesn’t pony up $125,000 for her creditors.
The National Academy of Recording Arts & Sciences Inc., which hands out the Grammy awards each year, had expressed concern that agreement didn’t clearly recognize that the awards are nontransferable without its consent. But NARAS said it would hop on board if the deal clearly stated these terms, and the court order approving the deal does just that.
Braxton won her first Grammys in 1993 in the Best New Artist and Best Female R&B Vocal Performance categories. She won Best Female R&B Vocal Performance three more times–for the songs “Breathe Again” in 1994, “You’re Makin’ Me High” in 1996 and “He Wasn’t Man Enough” in 2000. And of course there’s mega-hit “Un-Break My Heart,” which won the Best Female Pop Vocal Performance category in 1996.
The Chapter 7 case is Braxton’s second bankruptcy. The newly approved court deal will allow the singer to avoid the liquidation of such belongings as her household goods, furniture, clothes, books, jewelry, a life-insurance policy, a piano and a Porsche. The goods, however, remain subject to a lien by the Internal Revenue Service for unpaid taxes.
Source: The Wall Street Journal
Toni Braxton has split from her husband Keri Lewis after eight years of marriage.
The Un-break My Heart hit maker has two sons with her spouse, and she revealed in an exclusive interview with The Voice that she’s not entirely sure why the marriage broke down.
“I’m newly separated – no-one really knows what went wrong,” Braxton said. “My husband and I are still cool – we get along great. But that could become challenging. If things go further, you may read about some things… things will have to be split and all of that.”
However, the US songstress is hopeful that the split won’t become a messy battle that’s played out in the public eye.
“Oh, it’ll nothing like that,” she said. “We were friends for years before we started dating and we’ve been married for almost nine years. I’m a little sad about it and I can’t see anything down the line because it’s all so new. We’re sorting different things right now.”
Braxton has been hit by a string of personal dramas in recent times. In 2008, she was diagnosed with the heart condition, microvascular angina, which forced her to scrap a series of concerts in Las Vegas. She has since been facing financial difficulties and is currently embroiled in a legal battle with her insurance company, as the firm has refused to pay out on the axed shows. But Braxton is confident that she won’t be left short.
“Be it the underwriter of the insurance company, someone is going to pay me,” she insists. “I spent thousands of dollars on insurance and somebody needs to pay me my money!”
City National Bank is suing pop diva, Toni Braxton for breach of contract in regards to a $900k promissory note.
According to court docs, Braxton “on or about November 20, 2007, for value received, Braxton made, executed and delivered to a CNB Promissory Note for $900,000.00.”
Toni Braxton encountered financial problems and the financial arrangement was reneogatied in February 2008. However, on April 1, 2009, Toni fell behind in payments. The court docs state, “pursuant to the agreement, the outstanding balance on the agreement as of June 5, 2009, was $657,567.54.”
City National is seeking the $657k, and interest in excess of $44k.
Click here for court documents.
Apparently, Toni Braxton does have a broken heart according to… Toni Braxton. But her insurance company doesn’t see the need to reimburse her for that!
Lloyd’s of London is actually looking for damages from Toni after she cancelled her Vegas show back in 2006 because of a heart ailment. The problem is not so much that she cancelled, but rather this information of a “pericarditis condition” was never disclosed on the insurance application. She conveniently left that part out! And then she had the audacity to sue the company for not cutting her a piece of the action after she cancelled.
Somehow, we think L & L has a better case in their countersuit. But we wonder – does she really have a broken ticker or did she bow out of the gig simply because she didn’t want to sing Unbreak My Heart for the millionth time?
It sure would have been one devious diva move!