Celebs

Lil' Kim countersued by ex-business partner for $15 million

May 7, 2013 at 7:52 AM ET

Lil Kim.
Winston Burris / WENN.com
Lil Kim.

Has Lil' Kim been standing in her own way? Responding to a $1 million lawsuit filed by the rapper, Kim's ex-business partner has filed a $15 million countersuit, claiming "abuse of control, gross mismanagement, corporate waste and other misconduct" involving their company, International Rock Star Corp.

In his complaint, filed in New York Supreme Court, plaintiff Andrew Ro denies Kim's allegations that he misappropriated her trademark and branding rights so that he and others could cash in.

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He accuses her of engaging in behavior that prohibited him from making lucrative endorsement contracts for their company, claiming that she stopped returning calls and showing up for meetings while he tried to close deals for a private vodka label, an energy drink, a social media venture and a fragrance line.

Ro also alleges that Kim transfered company assets to herself or other parties without regard for IRS' best interests. He claims that her actions have cost the company at least $15 million.

"She didn't do what her shareholder agreement obligated her to do," Ro's attorney, Teresa Daley, told E! News.

Per the suit, Kim is CEO and founder of International Rock Star (IRS) and Ro owns a 22 percent stake in the company.

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