From Complex · · 40s
Chance Rapper Wins $1.5M Case Against Ex-Manager
Judge orders ex-manager to forfeit $1.5 million in kickbacks from Chance the Rapper's merch deals.
In brief
Judge orders ex-manager to forfeit $1.5 million in kickbacks from Chance the Rapper's merch deals. Chance the Rapper's ex-manager Patrick Corcoran must return $1.5 million in kickbacks and 15% management fees after breaching fiduciary duties. Originally reported by Complex.
Judge Rules
Cook County Circuit Court Judge James E. Hanlon Jr. ordered Pat Corcoran to forfeit up to $1.5 million in management fees and merchandise-related compensation.
Corcoran's Violations
Corcoran collected vendor kickbacks while managing Chance and was ordered to return commissions and surrender 15 percent management compensation.
Domain Transfer
Pat the Manager, LLC must transfer ChanceRaps.com domain to Chance within 14 days of the ruling.
At a glance
Chance the Rapper's ex-manager Patrick Corcoran must return $1.5 million in kickbacks and 15% management fees after breaching fiduciary duties.
