Being famous has its ups and downs. As for , the singer is, for now on, facing the negative side, in which she and her mother Tina Knowles are hit by $1.5 million lawsuit brought by an ex-business associate who claims they neglected to compensate him for securing a deal involving their House of Dereon clothing line.
The suit, filed Wednesday July 19th in New York State Supreme Court by Greg Walker, CEO of Icon Entertainment, claimed the mother-daughter duo, who design the street-chic collection, hired him in August 2003 to help land endorsement and licensing opportunities. Walker then brokered a $15 million deal for the 24-year-old singer and her mother to create the clothing line with Wear Me Apparel, Corp., a clothing manufacturer. So far, he claims he's collected only $25,000 from Knowles' mother.