Judge Throws Out Lawsuit Against Rapper 50 Cent

In New York, a judge threw out a $50 million dollar lawsuit that was filed by the rapper 50 Cent's ex-girlfriend, who stated that she is owed half of the rapper's assets because he promised to take care of her for life. The judge said that 50 Cent's financial worth is currently "set at no less than "50 Million" and didn't feel that there was an oral agreement between the two parties and even if there was an oral agreement, her claim would not be acceptable due to a six-year statute of limitations. 50 Cent denied that he had made any such promises and that he would have married her if he intended to take care of her financially for life.

The ex-girlfriend, named Shaniqua Tompkins, has a 12 year old son with 50 Cent and is set to receive $6,700 each month for several years. Her lawyer is considering an appeal of the lawsuit. Tompkins claims that she supported 50 Cent financially after they started dating in 1995 while he tried to start his career. She also says that she took care of him for months after he was shot nine times in 2000.

Singer Madonna Getting Divorce

The singer Madonna is getting divorced after almost eight years of marriage to her husband Guy Ritchie. They have not agreed on a financial settlement and child custody yet. They have approximately $525 million in worth and most of that belongs to Madonna. Ritchie has approximately $35 million in worth. The couple owns homes in London, Los Angeles, and New York. They also own a retreat in Wiltshire.

The court judgment will be based on who came into the marriage with what and the assets that they have will be divided equally. The needs of the children will also be considered. The children they have are 8 year old Rocco and 3year old David Banda, who was adopted in Malawi in 2006. Madonna also has a 12 year old daughter named Lourdes from a previous relationship with personal trainer Carlos Leon.

Rapper T.I. Being Sued for Child Support

The mother of two of the rapper T.I.'s children is suing him for child support. She says that she is having a hard time financially supporting the boys and wants a court-ordered arrangement for payment. The woman, named Lashon Dixon, and T.I. have known each other since teenagers and have children that are 7 and 8 years old. Dixon says that he currently gives her about $2,000 each month to take care of the children but she is sure that he is able to pay more with his successful career. Both Dixon and T.I. appeared in Fulton County Superior Court on Thursday.

Microsoft Withdraws Yahoo Bid

Microsoft Corp. has decided to withdraw its $42.3 billion bid on Saturday to buy Yahoo Inc. This came after an unsuccessful last try to negotiate a mutually acceptable sale price.

Microsoft was willing to pay as much as $47.5 billion, or $33 per share, but Yahoo’s board wanted at least $53 billion, or $37 per share. Microsoft could make a new bid later this year if Yahoo doesn’t recover after having more than two years of financial problems. Analysts feel that if things don’t change for Yahoo Inc. soon, their stock would decrease into the mid-teens and that would make it difficult for the company to turn down any future offers. Yahoo Inc. is considering an advertising partnership with Google and a merger with the Internet operations of Time Warner Inc.

Star Jones Is Having Financial Problems

It is reported that Star Jones and her husband, Al Reynolds, are having financial problems. She has recently told Al to get a job or get out. Star hasn’t received a regular paycheck in almost a year and is beginning to have financial hardships. The two have already cut back on expenses. Star even told her husband that she would help him to get his resume together. Before he married Star, Al worked as an investment banker at the Wall Street firm Merrill Lynch but he quit his job after marrying Star.