Faith Evans is reportedly being sued by Voletta Wallace‘s estate for allegedly hoarding the proceeds from a $100 million sale of Notorious B.I.G.‘s catalog.
RELATED: Throwin’ Shade? Misa Hylton Shares Cryptic Message As Her Lawyer Speaks On $5M Lawsuit Against Mary J. Blige
More Details On Faith Evans Reportedly Being Sued By Voletta Wallace’s Estate
On Wednesday, July 9, Billboard published a report asserting that a court petition was filed against her in Delaware on July 2, and the petition was unsealed on Tuesday, July 8. The petition was reportedly filed by Wayne Barrow, a record executive and executor of Voletta Wallace’s estate. Furthermore, the petition states that Wallace “managed an LLC holding Biggie’s assets” after his death in 1997. Then, before her passing in February, she negotiated a “‘transformative’ sale of half the portfolio to Primary Wave.”
The deal was reportedly worth $100 million. In addition, it reportedly gave Primary Wave a stake in the late rapper’s catalog, name, image, and likeness rights.
More Details On The Alleged Hoarding Of Proceeds From The $100M Sale Of Notorious B.I.G.’s Catalogue
Per Billboard, Evans became the sole manager of “Biggie LLC” after Wallace’s death. Therefore, she was responsible for giving Wallace’s estate “its cut of the profits from the catalog sale.”
“Ms. Evans has distributed sale proceeds to Ty’anna, CJ, and presumably to herself,” Barrow reportedly wrote in the lawsuit, referring to Biggie’s two children. “She, however, has wrongfully withheld the Trust’s [redacted] share of the proceeds, in the amount of [redacted].”
In addition, the suit accuses Evans of refusing to recognize “the Voletta Wallace trust as a 50% member of the holding company.” Furthermore, Evans has reportedly kept the trust “entirely in the dark about the business and affairs of the LLC.”
“Ms. Evans’s actions are particularly troubling given that, unlike Mr. Barrow, she has never previously been involved in the LLC’s management,” the suit adds.
According to Billboard, Wallace’s estate is asking a court “to provide the trust with its share of the Primary Wave sale proceeds.” The share will then reportedly be donated to the Christopher Wallace Memorial Foundation. In addition, the suit is asking for Evans to be removed from his position as the sole manager of Biggie LLC. In turn, Barrow reportedly would like to be appointed sole manager.
At this time, neither Evans nor Primary Wave has publicly commented on the matter.
Before The Lawsuit, Faith Evans Paid Tribute to Voletta Wallace, The Notorious B.I.G.’s Mom, After Her Passing
As RedBuzz.site previously reported, Voletta Wallace passed away on February 21. At the time, it was reported that she was under hospice care and passed from natural causes. Furthermore, in early March, Faith Evans took to social media to share a touching tribute to Wallace.
RELATED: Faith Evans Honors Notorious B.I.G.’s Mom Voletta Wallace With Tribute Days After Her Passing (PHOTOS)
What Do You Think Roomies?
Celebrity & Entertainment News: The Latest Scoop
In the fast-paced world of **celebrity and entertainment news**, staying updated is not just a hobby—it’s a lifestyle. From scandalous gossip to exciting movie premieres, fans crave every detail about their favorite stars. In this comprehensive guide, we will delve into the trends, highlights, and key areas that define the heart of celebrity culture today.
The Evolution of Celebrity Culture
The celebrity landscape has changed dramatically over the decades. With the **advent of social media**, celebrities are more accessible than ever, transforming **fans into influencers**. This shift has not only affected how news is reported but also how it is consumed. Today, platforms like Instagram and TikTok allow fans to interact directly with their favorite stars.
From Paparazzi to Pixels
Gone are the days when paparazzi dictated the flow of information. Nowadays, many celebrities prefer to share their own narratives, thus controlling their brand image.
- **Instagram** is the leader in celebrity engagement.
- **Blogs** and YouTube channels provide behind-the-scenes looks.
- **Podcasts** allow deeper dives into personal stories and opinions.
The Importance of Breaking News
**Breaking news** in the entertainment world can range from serious affairs—like legal issues involving stars—to lighter topics, such as engagement announcements or new album releases. The speed at which news circulates can significantly impact a celebrity’s public perception and career.
Recent High-Profile Cases
Recent incidents in the media spotlight include:
- The ongoing legal battles between **high-profile celebrities**.
- **Public divorces** and relationship struggles drawing public attention.
- Debates over **cultural representation in films**.
Celebrity Collaborations and Influencer Culture
Collaborations between celebrities and brands have created a dynamism in the industry. Today’s **influencer culture** has blurred the lines between celebrity and everyday individuals, allowing for broader marketing strategies that resonate with younger audiences.
Brands Seeking Authenticity
Brands are focusing on authenticity rather than traditional celebrity endorsements. Celebrity collaborations often involve:
- Product launches with a personal touch.
- Social media campaigns that engage audiences directly.
- Collaborative projects often resulting in chart-topping hits or trendy products.
The Role of Streaming Services
**Streaming services** like Netflix, Hulu, and Disney+ have reshaped the entertainment landscape. These platforms not only feature big-name films and shows but also create original content aiming to attract A-list talent.
Impact on Movie Theaters
The rise of streaming has led to questions about the future of traditional movie theaters. Many blockbuster films are being released simultaneously in theaters and on streaming platforms, changing the consumption patterns.
Did You Know?
**Did you know** that over 70% of millennials prefer consuming content through social media rather than traditional news outlets? This trend showcases the shift in how news, especially entertainment news, is consumed in today’s digital age.
Frequently Asked Questions
1. What is celebrity news?
Celebrity news encompasses the latest updates on celebrities, including personal life events, professional projects, and public appearances.
2. How has social media changed celebrity news?
Social media allows celebrities to communicate directly with fans, share updates instantly, and control their narratives more effectively.
3. Why is transparency important in celebrity engagements?
Transparency fosters trust with fans and followers, reducing the chances of backlash due to scandals or miscommunications.
4. How do streaming services influence celebrity culture?
Streaming services provide a platform for new talent and original content, diversifying what it means to be a celebrity today.
5. What are the most followed celebrities on social media?
As of recent reports, stars like Selena Gomez, Cristiano Ronaldo, and Ariana Grande are among the most followed on platforms like Instagram.
2025-07-10 18:20:00
#REPORT #Faith #Evans #Sued #Voletta #Wallaces #Estate #Allegedly #Hoarding #Proceeds #100M #Sale #Notorious #B.I.G.s #Catalog
