While it seems that things are going smoothly with 50 Cent's bankruptcy plan, it looks like his legal situation could get more complicated soon as the rapper filed a $32 million lawsuit in a U.S. bankruptcy court in Connecticut on Friday against Reed Smith law firm.
According to a report from The Wrap, the lawsuit accuses the Reed Smith law firm of misrepresentation regarding the Lastonia Leviston sex-tape case that ordered the rapper to pay $7 million in damages to Leviston. The rapper claims that he would not have been obligated to file for bankruptcy if it hadn't been for the "neglectful, negligent and unethical conduct of Raymond and Reed Smith."
The lawsuit also claims that Reed Smith "had an unwaivable conflict of interest regarding key material witnesses," that subsequently led to an unfavorable jury verdict for the rapper.
You can read part of the complaint below and stay tuned for more details on this situation as it develops.
Reed Smith and Raymond did not follow established legal standards in representing Jackson in the Leviston Case by failing to provide effective representation and conduct proper pre-trial and trial preparation prior to the Leviston trial. In addition, their lack of effective representation and inadequate pre-trial preparation and preparation for trial caused Jackson to retain new counsel on the eve of trial.
