trending Market Intelligence /marketintelligence/en/news-insights/trending/bk23niqAZdWvjYTJwQo4CA2 content esgSubNav
In This List

Rapper Kanye West sues Lloyd's of London for $10M canceled tour payout

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles


Rapper Kanye West sues Lloyd's of London for $10M canceled tour payout

Rapper Kanye West's Very Good Touring firm has sued Lloyd's of London in a Los Angeles federal court claiming close to $10 million for the cancellation of West's concerts, Sky News reported, citing court papers.

West canceled 21 dates of his Saint Pablo tour in 2016 after an extended rant Nov. 19, 2016, at a concert in Sacramento, Calif., where he had played just three songs, according to the Aug. 2 report. Thereafter, he received an eight-day psychiatric treatment at a center in Los Angeles, Very Good Touring's lawyer, Howard King, said.

The London-based insurance marketplace has yet to pay out on West's tour cancellation policy and has not "provided anything approaching a coherent explanation about why they have not paid, or any indication if they will ever pay or even make a coverage decision," King said, adding that Lloyd's has implied that it is considering withholding payment because West uses marijuana.

King described as "unsupportable" any suggestion that West's marijuana use could have led to his suffering a "serious, debilitating medical condition," and also alleges that Lloyd's has leaked confidential information to the press to discourage him from taking legal recourse, Sky said.