SunTrust Suing Jermaine Dupri, So So Def For $1.9M | Roland Martin Reports

SunTrust Suing Jermaine Dupri, So So Def For $1.9M

Source: Christopher Seward and J. Scott Trubey / Access Atlanta / The Atlanta Journal-Constitution

Atlanta music mogul Jermaine Dupri and his So So Def Productions have been sued for $1.9 million, accused by SunTrust Banks of defaulting on a loan.

The lawsuit filed this week in Atlanta appears to be the latest in a string of financial challenges for the Grammy winner, one of the most prominent music producers in the nation.

In SunTrust’s lawsuit, the bank alleges that Dupri is in default and still owes money toward a $4.9 million loan from 2010. The loan is backed by copyrighted music owned by Dupri, So So Def and other businesses, as well as a building on Briarwood Court in DeKalb County that houses two recording studios.

The debt originated in 2009 as part of an earlier loan that Dupri took on to pay off income tax and other liabilities, according to a separate court document.

To read this article in its entirety visit Access Atlanta.