Beyonce Knowles has won a legal battle against a former House Of Dereon business associate, after his $1.5 million lawsuit accusing the singer of shortchanging him was thrown out of court.
Greg Walker of Icon Entertainment was suing the "Irreplaceable" star for reportedly cutting him out of a $15 million fashion deal he had arranged with Knowles and her mother, Tina, in 2003.
Walker claimed Knowles failed to pay him the $25,000 for his services, which led to the creation of the singer's clothing line, House of Dereon, in 2004, reports the New York Daily News.
But Manhattan Supreme Court Justice Herman Kahn ruled that Walker never had a signed contract with Knowles and House Of Dereon, and therefore lacked a valid argument.
House of Dereon clothing as well as Beyonce's junior line Dereon have become supremely demanded by the Urban and Hip Hop fashion crowd. SoJones.com's Celebrity Lines Directory listing, an official source for the clothing brand's news and on-line popularity statistics, cited the brand already has become the second most searched for Women's Hip Hop clothing brand.
In more recent news, rumors are spreading that Beyonce is planning to leave her Sony Records home. The industry is buzzing after talks about Jay-Z and Beyonce leaving their labels to form a 'super label' leaked into the public. However, many are skeptical this is true, and professionals say if this is true, it's just a way to make Sony put up some very large numbers for their roster-star, Beyonce "B-Day" Knowles.
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