In a recent legal development, a Los Angeles court has issued a $1.7 million judgment against singer and dancer Chris Brown for an outstanding loan related to Popeyes restaurants. The lawsuit, filed by City National Bank, alleges that Brown, along with music producer The Dream and others, failed to repay a loan intended for purchasing the restaurants.
The loan, reportedly given in 2018, was meant for a group of individuals, including Brown and The Dream, to acquire Popeyes restaurants. However, the loan has remained unpaid, with the bank claiming more than $2 million in unpaid principal and interest.
City National Bank has been attempting to collect on the loan since 2018 but has faced challenges. Brown, in particular, failed to respond to a default judgment filed in August 2023, leading to the court registering a $1,314,367.40 judgment against him. Subsequently, in September 2023, the bank won a lawsuit filed in Georgia, resulting in a total judgment of $1,760,654.11 against Brown.
Brown has been given 30 days to respond to the case, or the judgment will become final. The court filing suggests that Brown could potentially lose his assets, including his property, if he fails to repay the loan.
It's important to note that The Dream was not named in the default judgment, indicating that he may not be liable for the unpaid loan. This legal challenge adds to the list of lawsuits Brown is currently facing, including a $71 million lawsuit related to a dog attack incident involving his dog and a housekeeper.
