Pharrell Williams is facing a lawsuit from his former producing partner, Chad Hugo, alleging breach of fiduciary duty and failure to account for earnings.
Hugo, a co-founder of The Neptunes and N.E.R.D. wiht Williams, filed the lawsuit on Friday, almost two years after the duo announced their professional separation.
According to the lawsuit, obtained by TheWrap, Hugo’s legal team accuses Williams of a “systemic denial of [Hugo’s] contractual and ownership rights in the company and in The Neptunes Entities.”
The filing claims Williams has “failed to provide [Hugo] with access to essential financial records, has withheld distributions and profits to which [Hugo] is entitled under the company’s limited liability Operating Agreement,” and has exerted control over the company and The Neptunes Entities.
The lawsuit further alleges that Williams has continued to exploit The Neptunes’ brand and intellectual property without properly compensating Hugo. It seeks a full accounting of profits and distributions, as well as damages for the alleged breach of fiduciary duty.
Representatives for Williams and Hugo have not yet issued public statements regarding the lawsuit.
Key Takeaways
- Chad Hugo is suing Pharrell Williams, alleging financial misconduct.
- The lawsuit centers on Hugo’s claims of withheld profits and lack of access to financial records related to The neptunes.
- Hugo accuses Williams of exploiting The Neptunes’ brand without proper compensation.
- The case was filed nearly two years after the collaborators publicly parted ways.