Chris Brown Faces $2 Million Lawsuit Over Unpaid Loan for Popeyes Restaurants
Singer Chris Brown is in the midst of a legal battle as City National Bank files a $2 million lawsuit
Singer Chris Brown is in the midst of a legal battle as City National Bank files a $2 million lawsuit against him for an unpaid loan that was used to acquire two Popeyes restaurants. The lawsuit, documented by The Blast, alleges that Brown and others, including The-Dream, were recipients of the loan, which remains outstanding.
According to the lawsuit, “As of February 17, 2023, Borrower and Guarantors owe $2,140,901.74 in unpaid principal and interest.” While the lawsuit originates in Georgia, it has been filed in Los Angeles Courts due to Brown’s current residence in L.A.
It’s not clear whether City National Bank is also pursuing The-Dream over his portion of the loan. However, Brown is named as a “personal guarantor,” indicating his responsibility for the unpaid part of the loan.
City National Bank has been attempting to recover the funds from Brown since 2018 and previously obtained a default judgment against the singer in Georgia. Consequently, the new motion has been filed as a collection suit in Los Angeles, with the bank asserting that Brown owes $1,314,367.40.