Latin Star Wisin Seeks Punitive Damages Against Former Manager Armando Lozano
Latin superstar Wisin, who is up for four Billboard Latin Music Awards on April 26, is seeking to amend a complaint filed against his former manager, Armando Lozano, and plans to seek punitive damages that could reach as high as $3 million.
According to the court documents, this amount is on top of the money Wisin alleges Lozano owes him for claims of breach of fiduciary duties, breach of management agreement and additional claims stemming from Lozano’s services as Wisin’s personal manager from 2014-2015.
The motion to amend the complaint, filed March 8 in Miami-Dade circuit court, states that Lozano acted not only as Wisin’s manager, but also as his business manager and “unlicensed talent agent,” becoming “the recipient of all of the gross income derived by the Plaintiff from his touring and endorsements.”
“Defendant Lozano did not segregate Plaintiff’s earned income,” adds the complaint. “He used Plaintiff’s money to pay his own bills. Lozano did not account to Plaintiff, nor did Lozano pay to Plaintiff the monies due to Plaintiff.”
Wisin, who is now managed by WK Entertainment, originally filed a complaint against Lozano and his company, ZZINC Group, in May, 2017.
That initial complaint claimed breach of oral management agreement and breach of fiduciary duty. The complaint was filed after Wisin sent a letter to Lozano asking for a full accounting of “all transactions and monies” received by Lozano in relation to Wisin and his career. According to the complaint, the defendant did not produce any documents or accounting. The complaint asked for damages in excess of $1 million.
Wisin is represented by Miami-based entertainment attorney Richard Wolfe.
Lozano did not provide comment to Billboard in reference to the complaint.