Kanye West settles lawsuit over tour cancellation

Kanye West Kicks Lloyd's of London's Ass ... In Cancelled Tour Lawsuit

Kanye West Kicks Lloyd's of London's Ass ... In Cancelled Tour Lawsuit

Last August (17), lawyers for Kanye and his company Very Good Touring, Inc. sued executives at Lloyd's of London for £7.4 million, claiming they were wrongly withholding a payout over the scrapped dates.

Kanye West has settled his lawsuit against a British insurance company after alleging it failed to fulfil its loss claim on a cancelled tour.

West sued Lloyd's for almost $10 million in insurance payouts after he abruptly canceled his Saint Pablo tour in November 2016 with more than 20 shows left. In November, he also checked into a psychiatric center in Los Angeles.

The terms of the settlement have not been disclosed but according to TMZ, West - who has children North, four, Saint, two, and four-week-old Chicago with wife Kim Kardashian West - has received most of what was due under the policy.

Howard King, West and Very Good Touring's attorney, recently said that the matter has been resolved amicably.

Lloyd's insurance policy refused to pay out for preexisting psychological conditions, use of illegal drugs, use of prescription drugs obtained without a prescription, and overuse of alcohol.

Lloyd's counter-sued, claiming it did not owe the musician a penny and pointing to drink and drugs clauses in its contract.

Lloyd's of London countersued and claimed they had discovered "substantial irregularities in Mr". In his original lawsuit Kanye's lawyers stated Lloyd's executives, "suggested that they may deny coverage of the claim on the unsupportable contention that use of marijuana by Kanye caused the medical condition".

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