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Wednesday, March 19, 2008

Diddy May Face $150 Million Dollar Suit

MTV News is reporting, Bad Boy Entertainment and it's CEO Sean "Diddy" Combs is among listed parties of an $130 million dollar civil suit. Combs recently completed his deposition on the December 1999 NYC shooting. The judge must still decide rather the suit will go to trial and which parties will then follow.
From MTV News,
After nearly two years, Sean "Diddy" Combs completed his deposition last week in the $130 million civil lawsuit stemming from the 1999 Club New York shooting that sent the Bad Boy CEO's former protégé, Shyne, to prison, MTV News has learned. According to Shyne's legal counsel, Oscar Michelen, Diddy completed his deposition on Wednesday, which now puts the wheels in motion for a trial date to be set, possibly as soon as early 2009. Diddy's busy schedule, along with litigation from the charges against Shyne, resulted in the hip-hop mogul's deposition being stretched out over time. Bad Boy employee Derek Ferguson is the next and last party scheduled for deposition, Michelen said.

Combs' lawyers responded to the story telling MTV News.
"Mr. Combs was acquitted by a jury of all charges related to this 1999 incident and we are confident that he will prevail in this civil lawsuit," an e-mail sent to MTV News read.
More to come.

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