Businessman Jean Paul sued the 'One Wish' star for $30 million earlier this year.
- Aug 29, 2018
AceShowbiz - Singer and reality TV regular Ray J has settled a lawsuit he was facing over a business deal.
Businessman Jean Paul sued the "One Wish" star for $30 million (£23.3 million) earlier this year, claiming they discussed launching an electric scooter bike firm in 2015, with Ray J offering to become an investor and celebrity endorser.
In November 2017, the 36-year-old signed a $31 million (£24 million) wholesale deal for his electric transportation company, Raycon. Ray J's company, famous for the Scoot-E-Bike, was formed the same year Jean Paul claimed he talked to the singer about launching a brand together and he subsequently sued him.
According to The Blast, the parties have now reached an undisclosed settlement.
