Flo Rida Wins $82 Million In Lawsuit Against Celsius Energy Drinks

Flo Rida was awarded more than $82 million on by a Florida jury in his lawsuit against Celsius energy drinks, after he claimed the company owed him money and stock options over an endorsement deal.

The jury found that Celsius breached its 2014 agreement with Flo Rida, and fraudulently concealed information relating to the breach.

Flo Rida’s team initially sought at least $30,000 in damages, according to Insider, though his lawyer said in closing arguments he wanted the 1% ownership of the company he was previously promised, and not necessarily a dollar amount, according to Law&Crime.

The lawsuit alleges that Celsius failed to notify Flo Rida when key sales goals in his 2014 and 2016 contracts were met. Flo Rida is suing on counts of breach of contract, accounting, and unjust enrichment.

“He’s entitled to 500,000 shares of stock via the contract, and entitled to 250,000 shares of stock if certain things happen — one of those yardsticks is that a certain number of units of products need to be sold, but unfortunately the contract doesn’t specify which type of unit — is it a box, is it a drink? And there’s no timeframe or deadline,” John Uustal, Flo Rida’s lawyer told Insider.

In 2014, Celsius traded for $1 per share and its share price has since hit $100, as its products hit shelves in GNCs, 7 Elevens, and Vitamin Shoppes nationwide. By 2021, Celsius raked in $130 million in sales revenue, according to The Miami New Times.

Watch video below as Flo Rida speaks on the lawsuit, click here to watch the court room trail.

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