Prince sues Capital Asset Protection for taking more than $100K from his bank account
Prince has turned the tables on Capital Asset Protection, filing a lawsuit against the Calabasas-based company for allegedly taking more than $100,000 from his bank account.
CAP was collecting the money for a lawsuit Prince, 54, previously lost over a music production contract, according to TMZ.
According to the suit, Capital Asset Protection made two withdrawals from Prince’s bank accounts in June, to the tune of $105,949.14 and $10,278.94.
In documents filed on Thursday in Los Angeles County Superior Court, lawyers for Prince say a judge vacated that original judgement in October, 2011, thereby erasing his debt to the production company.
Prince is suing to get back his $116,228.12 plus interest.
The singer had an estimated net worth of between $100 million and $250 million in 2011, according to USA Today.
He was listed in TIME Magazine’s 2010 annual ranking of the “100 Most Influential People in the World”.
Prince has been in a relationship with protégée Bria Valente since 2007.
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