The creator of 'Bowie Bonds' claims he struck a deal with Brown decades ago – and says Primary Wave 'maliciously interfered' with that when it bought the singer's rights last year.
David Pullman
“The Primary Wave transaction violated The Pullman Group’s exclusive rights under the exclusive engagement letter to arrange such asset sales for Brown and his estate,” Pullman’s lawyers wrote in their complaint.on Wednesday that the lawsuit “has no merit and the Estate and Trust intend to vigorously defend the action.” A rep for Primary Wave did not immediately return a request for comment.
But crucially, Pullman’s lawsuit says the deal also guaranteed the company “exclusive rights to arrange all future refinancing or asset sales of Brown’s assets.” It says the that contractual sweetener was included because the deal was risky for Pullman and the company had already agreed to waive its normal up-front fees in Brown’s case.
“By working for years in secret on the Primary Wave transaction, Primary Wave and Shot Tower Capital intentionally and maliciously interfered with The Pullman Group’s exclusive contractual rights,” the company’s lawyers wrote.
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