Gate Five's lawsuit against Beyonce going to court
Manhattan judge Charles Ramos has ruled that Gate Five's lawsuit against Beyonce Knowles is sufficiently jelly prepared, and as such will be heading to court at some unspecified date in the future. Justice Ramos agreed with Gate Five's assertion that Beyonce did not give proper notice before backing out of the deal: "You continue to negotiate right up until the time you pull the plug," Ramos said as he addressed Beyonce's lawyers, according to the New York Post. "That is not going to work with me."
As you'll recall, Gate Five's lawsuit purports that Beyonce was in breach of contract when she backed out of a deal to lend her likeness to Starpower: Beyonce, and that her departure from the project directly resulted in the firings of 70 employees. Beyonce's attorneys attest that Gate Five did not have funding in place for Starpower: Beyonce's development, but Gate Five maintains that Beyonce was aware of an impending agreement with unnamed financiers scheduled to take place on December 6, 2010 – just three days after Beyonce bounced.
Gate Five's lawsuit seeks damages in excess of $100 million; $6.7 million in investment capitol and $100 million in hypothetical Starpower: Beyonce profits. Honestly, Gate Five should have known something was up when Beyonce didn't put a ring on it.
