Prince sues Capital Asset Protection for taking more than $100K from his bank account

Prince had an estimated net worth of between $100 million and $250 million in 2011

Prince has turned the tables on Capital Asset Protection, filing a lawsuit against the Calabasas-based company for allegedly taking more than $100,000 from his bank account.

CAP was collecting the money for a lawsuit Prince, 54, previously lost over a music production contract, according to TMZ.

According to the suit, Capital Asset Protection made two withdrawals from Prince’s bank accounts in June, to the tune of $105,949.14 and $10,278.94.

In documents filed on Thursday in Los Angeles County Superior Court, lawyers for Prince say a judge vacated that original judgement in October, 2011, thereby erasing his debt to the production company.

Prince is suing to get back his $116,228.12 plus interest.

The singer had an estimated net worth of between $100 million and $250 million in 2011, according to USA Today.

He was listed in TIME Magazine’s 2010 annual ranking of the “100 Most Influential People in the World”.

Prince has been in a relationship with protégée Bria Valente since 2007.

Lisa.Felice

Our Fashion addicted Lisa is responsible for the Entertainment category. She likes to be on top of all the news about celebrities and events related to them.