City National Bank claims it loaned Brown money to acquire two Popeyes locations.
, which obtained legal documents, reports City National Bank is suing Brown for $2 million, allegeing it loaned him money to acquire a pair of Popeyes locations. The lawsuit claims the loan, which was given to several people, including Brown and The-Dream, remains unpaid.
“As of February 17, 2023, Borrower and Guarantors owe $2,140,901.74 in unpaid principal and interest,” the lawsuit read. The lawsuit stems from the state of Georgia, but the bank filed a case in Los Angeles Courts as Brown currently resides in Los Angeles. The lawsuit names Brown as a “personal guarantor,” which means he’s on the hook for the unpaid portion of the loan.Mark Heim is a reporter for The Alabama Media Group. Follow him on Twitter. He can be heard on “The Opening Kickoff” on WNSP-FM 105.5 FM in Mobile or on the free Sound of Mobile App from 6 to 9 a.m. daily.
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