Prince, sues debt collection agency, he would like to recover more than one hundred and sixteen thousand dollars. He has filed a lawsuit against Capital Asset Protection, a Calabasas-based company for allegedly taking more than $100,000 out of his bank account. What had happened is CAP was collecting the money for a lawsuit Prince previously lost over a music production contract, according to TMZ.
In the suit is is stated that they had removed two withdrawals from his accounts in June, one was one hundred and five thousand dollars nine hundred and forty nine dollars and fourteen cents, and the other was ten thousand two hundred and seventy eighty dollars and ninety four cents.
In documents filed on Thursday in Los Angeles County Superior Court, lawyers for the fifty four year explains that a judge vacated that original judgment in October, 2011, thereby erasing his debt to the production company.