Russell Simmons suing ex-wife Kimora Lee and her new husband
Russell Simmons discusses the documentary Romeo Is Bleeding (Photo by Derrel Jazz Johnson for rolling out)
Def Jam Records founder and hip-hop mogul Russell Simmons has filed a lawsuit against his ex-wife Kimora Lee Simmons and her new husband Tim Leissner.
The record executive is suing the pair, claiming they stole stock shares from his Celsius Energy Drink company to pay for attorney fees for Leissner. Russell claims that his shares are being used as collateral to pay a bond in connection with criminal charges filed against Kimora’s new husband by federal authorities.
Kimora Lee Simmons and her husband,
Tim Leissner, for allegedly using some of Simmons’ shares of his Celsius Energy Drink company to pay for Leissner’s attorney fees.
Leissner is currently facing a series of federal charges, including conspiracy to launder money in a separate case. We previously reported, per wwd.com: “Tim Leissner was chairman of Goldman Sachs’ Southeast Asia business, but he resigned in 2016 and was subsequently subpoenaed by the U.S. Justice Department as part of a probe into the disappearance of billions of dollars from a Malaysian sovereign wealth fund 1MDB that was designed to boost the country’s economy and for which he helped raise money” the outlet writes.
Russell Simmons Suing Ex-Wife Kimora Lee Simmons Over Energy Drink Stock
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Russell Simmons is suing ex-wife Kimora Lee Simmons and her husband, Tim Leissner, for allegedly using the Hip Hop mogul s Celsius Energy Drink shares to pay Leissner s attorney fees.
The lawsuit claims Kimora and her husband conspired with each other, aided and abetted each other and together engaged in fraud by causing an unlawful conversion and fraudulent transfer of the Celsius shares to themselves without Russell s knowledge or consent. Kimora and Leissner reportedly invested millions into the energy drink but using Russell s shares as collateral to pay a bond in Leissner s federal case.
Russell Simmons Suing Ex-Wife Kimora Lee Simmons Over Celsius Energy Drink thesource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesource.com Daily Mail and Mail on Sunday newspapers.
Schlumberger Limited: Schlumberger Announces Fourth-Quarter and Full-Year 2020 Results
Fourth-quarter GAAP EPS, including charges and credits, was $0.27
Fourth-quarter EPS, excluding charges and credits, of $0.22 increased 37% sequentially
Fourth-quarter cash flow from operations was $878 million and free cash flow was $554 million
Quarterly cash dividend of $0.125 per share approved
Schlumberger Limited (NYSE: SLB) today reported results for the fourth-quarter and full-year 2020.
Fourth-Quarter Results
Three Months Ended
$471
$374
$0.27
$309
$0.22
-33% These are non-GAAP financial measures. See sections titled Charges Credits , Divisions , Geographical , and Supplemental Information for details.
n/m not meaningful
Schlumberger CEO Olivier Le Peuch commented, We concluded the year posting very strong fourth-quarter results, as we leveraged the industry recovery, which has now commenced. Fourth-quarter revenue grew 5% sequentially, driven by strong activi