From Stereogum · · 50s
Chance The Rapper Wins Legal Battle Against Ex-Manager
Chance The Rapper wins $1.5m legal payout after ex-manager Pat Corcoran breaches fiduciary duties.
In brief
Chance The Rapper wins $1.5m legal payout after ex-manager Pat Corcoran breaches fiduciary duties. Chance The Rapper secured $1.5 million from ex-manager Pat Corcoran for fiduciary breaches in a Cook County court ruling. Originally reported by Stereogum.
Chance The Rapper Fired Manager
Chance The Rapper fired longtime manager Pat Corcoran in 2020 after he sued for $2.5 million in unreimbursed expenses.
Corcoran Sued for $2.5m
Corcoran sued Chance The Rapper in 2021, claiming he owed $2.5 million in unreimbursed expenses from his management.
Judge Rules on Fiduciary Breach
Cook County judge James Hanlon found Corcoran violated fiduciary duties by taking kickbacks in merchandising and awarding vendor commissions to his own companies.
Payout of $1.5m
Corcoran must repay up to $1.5 million to Chance The Rapper, including vendor commissions and forfeited 15% management fees.
What matters most
Chance The Rapper secured $1.5 million from ex-manager Pat Corcoran for fiduciary breaches in a Cook County court ruling.
