Company sues over $145K investment into 50 Cent show, Roy Jones Jr. boxing match

By Kyle Barnett | Feb 12, 2015

GRETNA – An event promotion company and its owner are suing an entertainment company for allegedly not paying for promoting two big shows.

MM II Investment Group LLC and Matthew Murphy filed suit against Marcell Morton and Down South Entertainment LLC in the 24th Judicial District Court on Dec. 15.

MM II Investment Group and Murphy assert they were investors, beginning with a May 13, 2007 investor agreement and a $75,000 check, in the defendants’ company. The plaintiffs claim their investment was to promote an event called “50 Cent Live” show that was to feature the rapper 50 Cent and take place on June 26, 2007 at the Philips Arena in Atlanta, which was later rescheduled to occur at Madison Square Garden in New York City. While MM II Investment Group and Murphy allege the original agreement called for them to receive 100 percent of their investment back when the venue was moved they were promised a return of at least $20,000.

The plaintiffs contend they also invested $17,500 in a boxing event to take place between September 2007 and January 2008 that was to feature boxer Roy Jones Jr. and in which they were supposed to receive at least a 100 percent return on their investment. MM II Investment Group and Murphy assert that the Roy Jones Jr. boxing match was rescheduled on several occasions leading them to invest further funds into the engagement totaling $100,000, including $10,000 on Oct. 18, 2007, $20,000 on Oct. 23, 2007, $20,000 on Dec. 19,2007, $50,000 on Dec. 22, 2007 and $20,000 on Jan. 22, 2008.

The defendants claim the investment from the 50 Cent concert was rolled over into the Roy Jones Jr. fight against Joe Calzaghe held on Nov. 8, 2008 for which they were told by the defendants that they would receive a total return of at least $3,656,250. However, MM II Investment Group and Murphy claim they learned that the investments in Roy Jones Jr.’s fights were found to fraudulent and based on forged documents and that Morton and Down South Entertainment did not have anything to do with the boxing matches.

The defendants are accused of breach of contract, fraud and unjust enrichment.

Damages in the amount of $145,000 for the return of their investments is sought by the plaintiffs.

MM II Investment Group and Murphy are represented by attorney Adam S. Lambert of New Orleans.

The case has been assigned to Division I Judge Nancy A. Miller.

Case no. 745-103.

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