We've LONG heard that Beyonce and Jay Z's business practices were very . . . aggressive. Now Beyonce is facing a LAWSUIT that, if she lost, would BANKRUPT both her and her husbandJay Z.
You see a company named Gate Five is suing Beyonce for $100 million. They claim that they had a contract with her to a project to make a dance video game in April 2010.
But Gate Five have claimed that the R&B star 'abruptly abandoned' the project to make the video game after making an 'extortionate demand' for more money. They claim they had to lay off all 7 of their employees and lost $100 MILLION in the process.
Beyonce tried to get her lawyers to DISMISS the case, but the LOST. Manhattan Supreme Court Justice Charles Ramos has rejected Beyonce's request to toss the suit, ruling that gate Five may proceed with civil action.
We're told by someone IN THE KNOW that while Beyonce and Jay Z are worth A TON OF MONEY on paper, the couple has CONSIDERABLY less than $100M in liquid assets. And that if they lost, the pair would be forced to SELL virtually EVERYTHING they have - at FIRESALE prices.
We're riding with Jay and Bey on this one. We'd HATE to see them OUT ON THE STREET with that baby of theirs.
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