A $10 million lawsuit between Kanye West and insurance underwriter Lloyd’s of London over cancelled tour dates, has been settled out of court.
West and his company Very Good Touring filed a complaint against Lloyd’s claiming it had withheld payments, following the cancellation of 21 concerts on his Saint Pablo tour (see Audience issue 211). The artiste pulled the shows in November 2016 after falling ill, and spent eight days in a psychiatric centre in Los Angeles.
Lloyd’s then launched a countersuit alleging West had been using marijuana and had “irregularities” in his medical history. The company said the reasons for the cancellations were not beyond West’s control and related to alcohol and drug use, which breached a clause in the contract.
Both parties have now agreed to settle the lawsuit with a Lloyd’s spokesman saying the issue had been “amicably resolved”, with each paying their own fees and costs.