Kanye West Is Done With His Saint Pablo Lawsuit
The rapper has settled his longstanding lawsuit against insurance company Lloyd’s of London, who refused to pay for losses that stemmed from the canceled gigs. Lloyd’s withheld payments, saying drug and alcohol abuse are what led to Ye’s breakdowns onstage–which Kanye’s team said were completely untrue. As a response to the insurer stalling their payout, Kanye’s touring company, Very Good Touring, ultimately ended up suing Lloyd’s for around $10 million, to which Lloyd’s later counter-sued.
In the end, the insurance company realized it was too risky to go up against Kanye’s lawyers in court; So rather risking a loss and having to pay even more in penalties, the company has come to an amicable agreement with Mr. West. In a statement provided to Pitchfork, an attorney representing West’s Very Good Touring, said that “the matter was amicably resolved.”
No word on what the resolution entails, but since Lloyd’s didn’t go through with their countersuit, it would be safe to assume it has something to do with Kanye getting his money.