Kevin Mazur, WireImage The Boot rounds up today's country music news from…
- Posted on Oct 22nd 2012 1:30PM by Jason MacNeil
Christopher Polk, Getty
According to the Inquisitr, Prince says the debt agency Capital Asset Protection collected the money from a lawsuit the singer lost regarding a music production contract. The two withdrawals took place in June with one amount totaling $105,949.14 and a second withdrawal for $10,278.94.
Lawyers for Prince filed the lawsuit last Thursday in Los Angeles County Superior Court, arguing the judge dropped the original judgement back in October 2011. By dropping the judgement the production company was no longer owed the money by Prince. As a result, if found to be true, the end result would be Capital Asset Protection removed money on a non-existent debt.
Prince is also seeking the total amount taken plus interest. There's no word when a decision in the case will be made. The singer -- who reportedly had an estimate value of a quarter of a billion dollars back in 2008 -- is currently off the road after releasing his last studio album 20Ten back in 2010.