Suit is based on nonpayment of consultant agreement between plaintiff and defendant
LAS VEGAS, NV – 8/2/16 –. Legendary music producer Darryl Payne has sued CEO Edward Sylvan and Sycamore Entertainment Group Inc. in District Court, Las Vegas for nonpayment of consulting fees owed to Darryl Payne. Mr. Payne was promised payment in full for monies due him well over 200 times from Defendants. Defendants have lied repeatedly and even provided plaintiff various phony bogus wire transfer confirmations for payments owed. None of these confirmed fraudulent wire transfers were ever actually received by plaintiff.
On March 22, 2014, Defendant Sycamore entered into a Consulting Agreement with Plaintiff Payne, whereby Defendant Sycamore agreed to pay to Plaintiff Payne an agreed amount of all monies raised by Defendant Sycamore, from funding sources introduced to Defendant Sycamore by Plaintiff Payne. Payments to Plaintiff Payne were to be made immediately upon receipt of each tranche of funding. Plaintiff Payne introduced client to Defendants pursuant to an agreement, and client has provided in excess of $1,000,000 in funding to Defendant Sycamore. Plaintiff Payne, therefore, should have received full payments from Defendants, However, Plaintiff Payne has not received payments due to him pursuant to this agreement signed by both parties.
On December 29, 2014, demand was sent to Defendants to cure the breach. Defendants failed to respond. To this date, Defendants have not even performed on the agreement signed with Plaintiffs.
FIRST CAUSE OF ACTION
(Breach of Contract)
- For compensatory damages in a sum in excess of $1,000,000.00;
- For its costs, including reasonable attorney’s fees; and
- For such other and further relief as the Court may deem just and proper.
SECOND CAUSE OF ACTION
(Unjust Enrichment)
- For compulsory damages in a sum in excess of $1,000,000.00
- For its costs, including reasonable attorney’s fees; and
- For such other and further relief as the Court may deem just and proper.