Greg Walker, a former business associate of Superstar Beyonce Knowles, has sued House of Dereon, the clothing and accessory design company she owns with her mother, Tina.
Walker, CEO of Icon Entertainment, says he was hired by the singer and her mother in 2003 to help get endorsement licensing deals. He scored a $15 million deal for the House of Dereon with clothing manufacturer Wear Me Apparel, Corp, but was not fully compensated for his work.
Of the deal, Walker says he’s only collected $25,000, which he says is quite far from the agreed terms. He has now filed a breach of contract suit against Beyonce and Tina in New York’s Supreme Court and asked for a compensation of $ 1.5 million.
Walker is also suing Wear Me Apparel for neglecting to pay the remainder of his fee. The company has paid him $85,000, he claims.
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