Scott Storch Ordered To Pay $500K For Unpaid Home Loan
Published: Friday - February 22, 2008
Words by Allen Starbury
Scott Storch (Photo: Matt Law)
Super producer Scott Storch took an "L" in court recently, when the California Central District Court ordered the producer to pay record a executive, who allegedly loaned him money, to the tune of over $500,000.
According to reports, David Menefield -- former manager of rapper Knoc-turn'al and owner of label LA Confidential -- loaned Storch a reported $100,000 in 2003 to prevent the foreclosure of his home, when he was experiencing financial difficulty.
However, Storch allegedly never paid back the loan, and breached an agreement, which included production for four tracks for Menefield's artist, valued at $100,000 dollars a piece.
Menefield filed a lawsuit earlier this year, claiming he was never paid and had only been given one beat to date.
In a judgment made last week, Storch and his Tuff Jew Productions was ordered to "jointly and severally pay Menefield the sum of $509,717.50," which included the original $100,000 loan, plus $400,000 for the value of four tracks promised, and legal fees.
At press time, a rep for Scott Storch told BallerStatus.com the producer had "no comment" regarding the lawsuit.
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