Jay-Z filed a lawsuit against a bank and an investment firm in New York City yesterday.
According to the suit, Jay’s company bought out a $66 million piece of land in 2007 and took out $63.8 million in loans from Highland Capital Management LP to cover the costs. The company was unfortunately unable to find investors for the project, and offered to sell the land back to the people at Highland rather than to face foreclosure.
Jay is suing the executives at Highland for dragging their feet in accepting his offer, causing him to accrue interest on the loans. He’s seeking $3.7 million to cover his costs.











