*Washington, DC — Influential and respected music mogul, Qadree El-Amin, has resolved a lawsuit against Teodoro “Teodorin” Nguema Obiang Mangue, son of Equatorial Guinea President Teodoro Obiang Nguema Mbasogo, for fraud and breach of contract. El-Amin sought more than $5 million in damages.
The lawsuit alleged that, in 2009, Teodorin Obiang approached El-Amin for the purpose of creating an entertainment company to develop musical acts and motion pictures. After entering into an agreement, El-Amin successfully negotiated a number of lucrative business deals for the company, recruited and signed artists, and also negotiated licensing and distribution deals.
In addition, El-Amin recruited his longtime friend, the late Mark Kamin, who is credited with discovering Madonna in 1982, to remix the classic, “A Summer Place,” which was successfully cleared for the project and recorded by Pussy Cat Doll, Ashley Roberts, whom El-Amin also recruited for the project. (Kamin introduced Madonna to Seymore Stein of Sire Records, who immediately signed her.)
El-Amin alleges that Teodorin failed to provide the funds necessary for recording, creating music videos, marketing, and promotional or distribution costs after the projects had been completed. And when the artists and other professionals involved were not paid, El-Amin filed the lawsuit to recover the resulting damages.
After more than a year of litigation, the parties reached an amicable resolution of the matter, which resulted in a confidential settlement and the dismissal of the lawsuit. Although the confidentiality agreement prohibits him from discussing the terms of the settlement, El-Amin said that he is “quite pleased with the outcome.”