Kanye Settles with Lloyd’s of London

Feb 15, 2018 | 5:15 AM

Kanye West just scored a long awaited victory by settling his massive lawsuit against Lloyd’s of London, which had refused to pay for the losses for when he cancelled some of his 2016 Saint Pablo concerts due to a mental breakdown.

  • TMZ says Lloyd’s folded under massive pressure by Kanye’s lawyers and agreed to pay most of what Kanye was due under the policy.
  • Kanye’s touring company Very Good Touring sued LLL because they claimed the breakdown was triggered by Kanye’s alleged marijuana use.
  • It was determined that the breakdown was triggered by a mental condition that had nothing to do with drugs
  • Lloyd’s decided going to court was too risky, especially when faced with a possible huge punitive damages award so they settled.
  • A similar fight was triggered when Heath Ledger died … Lloyd’s initially refused to pay his daughter under the policy, but eventually recanted.