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Prince Told to Pay $4 Million to Perfume Maker
Prince, the flamboyant pop star with 10 platinum albums, should pay nearly $4 million in damages for welshing on his promise to promote a perfume named after his latest CD, a special referee in Manhattan concluded after conducting a four-day inquest on damages. See, Revelations Perfume and Cosmetics Inc. v. Nelson, 603350/2008 (http://bit.ly/oBatHj).
The referee, Louis Crespo, awarded $3.9 million to Revelations Perfume and Cosmetics to cover expenditures it had made in reliance on Prince's commitment to promote a perfume, 3121, named for the CD. Referee Crespo, however, rejected Revelations' claim for an additional $3.4 million in lost profits, finding they were too “speculative.” He also denied Revelations' assertion that it was entitled to punitive damages.
Revelations' lawyer, David Landau of Duane Morris in Philadelphia, says he will ask Manhattan Acting Supreme Court Justice Bernard J. Fried to confirm the referee's award. Prince's lawyer, Kenneth A. Novikoff of Rivkin Radler in Uniondale, NY, says his client will oppose the application.
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