The Situation Vs Vodka Company
Specifically, Sitch claims the deal called for him to acquire an 8% ownership stake in the company -- which he says he got -- but that Devotion failed to add 2% to his ownership share on their one-year anniversary, like the deal called for.
Sitch also claims they failed to provide him with a $400,000 "buy back" option for his shares on their two-year anniversary and failed to supply him with sales reports.
Sitch says even though he performed his contractual obligations, Devotion kept looking for an excuse to cut him out and avoid paying him the money he's owed.
He is suing for his entire 10% share in the company (which he estimates to be worth as much as $5 million) and other damages. more on this story
TMZ submitted this story.