Justin Bieber's Manager Scooter Braun Sued For $50 Million, Called 'Sheep In Wolves Clothing' After Failing To Raise 'Promised $700 Million' From Famous Friends, He Fires Back With His Own Lawsuit
June 3 2021, Published 10:51 a.m. ET
Scooter Braun is being called a "sheep in wolves clothing" by a former Goldman Sachs partner who said the famous music manager failed to deliver his "promised $700 million" for their boutique firm.
Peter Comisar is suing Braun for $50 million, claiming the music executive breached their contract.
According to Comisar, Braun -- whose famous clients include Justin Bieber, Demi Lovato, Ariana Grande, and more -- deceived him into leaving his lucrative job at Guggenheim Securities and "aggressively courted" him to join Scope Capital Partners that he said was backed by several of his bigwig friends.
Braun allegedly promised he could collect between $500 million and $700 million from entertainment executives like Interscope Records co-founder Jimmy Iovine, DreamWorks co-founder David Geffen, and Saban Entertainment founder Haim Saban, Comisar claims in the lawsuit.
The music manager even called Geffen his "godfather" in an alleged attempt to prove their friendship.
But in 2017, Braun allegedly "executed contractual commitments to support the new venture," promising Comisar an annual salary of $3 million, according to the court documents.