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Scooter Braun Sues Former Business Associate for Fraud, Claims ‘Money Grab’ on Heels of Billion-Dollar HYBE Deal
Shirley Halperin Executive Editor, MusicManager Scooter Braun is sparring with former business associate Peter Comisar over terms of an agreement from 2017 which detailed the formation of SCOPE Capital Management, a private equity fund managed by Comisar and initially bankrolled by Braun.According to a petition for arbitration filed in Los Angeles on June 1 by Braun, the successful investor, content producer and music manager for such artists as Justin Bieber, Ariana Grande and Demi Lovato, who recently sold his company to South Korea entertainment giant HYBE (formerly Big Hit Entertainment, home to global sensation BTS) for $1.05 billion, claims Comisar failed to launch SCOPE, a planned $500 million to $750 million private investment firm
