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Prince Told to Pay $4 Million to Perfume Maker
Prince, the flamboyant pop star with 10 platinum albums, should pay nearly $4 million in damages for welshing on his promise to promote a perfume named after his latest CD, a special referee in Manhattan concluded after conducting a four-day inquest on damages. See, Revelations Perfume and Cosmetics Inc. v. Nelson, 603350/2008 (http://bit.ly/oBatHj).
The referee, Louis Crespo, awarded $3.9 million to Revelations Perfume and Cosmetics to cover expenditures it had made in reliance on Prince's commitment to promote a perfume, 3121, named for the CD. Referee Crespo, however, rejected Revelations' claim for an additional $3.4 million in lost profits, finding they were too “speculative.” He also denied Revelations' assertion that it was entitled to punitive damages.
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