Luis Miguel sued by label bosses over outstanding loan

20th Mar 17 | Entertainment News

Latin superstar Luis Miguel is facing legal action after allegedly failing to repay a $3.65 million (£2.95 million) loan from his record label bosses.

Warner Music Mexico bosses claim they allowed the singer to borrow the funds back in 2014, but in 2015, Luis reportedly had to renegotiate the repayment deadline as he was unable to meet the terms of their agreement, according to People En Espanol.

It appears the musician is still yet to settle the debt, and now Warner officials have filed suit, demanding payment.

The La Incondicional (Unconditional) hitmaker is yet to comment on the report, but it's just the latest legal issue he's having to deal with.

Earlier this month (Mar17), it was reported Luis was set to have his luxury Rolls Royce seized after allegedly failing to honour a court order forcing him to pay his former manager William Brockhaus as part of a breach of contract lawsuit ruling.

He is also fighting legal action from fellow musician Alejandro Fernandez after pulling out of a joint tour last year (16).

© WENN Newsdesk 2017

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