Music executive Scooter Braun – you remember him from the nasty back-and-forth with pop icon Taylor Swift – is being sued for $50 million by a former partner at Goldman Sachs, according to the New York Post
Peter Comisar, who said Braun was a “sheep in wolves clothing,” claims Braun tricked him out of his position at Guggenheim Securities by convincing him to join a new firm that promised all kinds of big things.
In court records reported by the Post, Braun told Comisar that Braun’s Scope Capital Partners could raise as much as $700 million from heavy hitters in the industry such as Interscope Records cofounder Jimmy Iovine, DreamWorks cofounder David Geffen and Saban Entertainment founder Haim Saban.
The court records indicate that Braun doubled down on the name-dropping, labeling Geffen as his “godfather.”
The lawsuit, filed in a state court in California, alleges Braun tried to recruit Comisar for the top job at Scope Capital Partners from 2016 to 2017.
Braun has also managed stars including Justin Bieber, Ariana Grande, Demi Lovato and Carly Rae Jepsen.
In 2017, Braun committed to a yearly operating expense of $7 million for three years and a $3 million annual salary for Comisar, the documents revealed.
But the house of cards tumbled.
“Braun had to explain to Comisar, tail between his legs, how he had asked David Geffen, his supposed Godfather, to invest in Scope, only to be told by Geffen that he did not view Braun as someone with whom Geffen would invest,” the lawsuit reads.
Iovine, Saban and the family of Reuben Soros allegedly gave Braun “the same brush-off,” the lawsuit claimed.
Last year, Braun sold Swift’s masters for her first six albums to Los Angeles-based Shamrock Holdings for more than $300 million, according to Variety.
Braun has now launched a lawsuit against Comisar.