According to a new report, the former Bravo reality star is being sued for $350,000 by his former business partner Jason Hughes, who accuses Jim of failing to pay him his share after selling the company. Even more, this lawsuit was filed just days after Jim’s divorce filing.
In lawsuit documents obtained by The Blast, Jason is alleging that he owned a 20 percent stake of Jim’s indoor trampoline park company, Sky Zone, and agreed to sell Jim his share last October for the amount of $635,000.
Based on the sale agreement, Sky Zone would pay Jason $317,5000 once the deal was signed, and he would then receive 16 payments of $19,843.75 to complete the sale. Additionally, the deal had a clause that stated the entire balance would need to be paid at once in the event that the company was sold to a third party.
Jason claims in the lawsuit that the company was sold to a third party earlier this year and Jim has refused to pay him the remaining balance as agreed upon in their signed agreement.
He is now suing Jim for the unpaid balance of $350,000, plus interest.
The timing of this lawsuit couldn’t come at a worse time for Jim as his wife’s former RHOC castmates, Tamra Judge and Shannon Beador, had speculated that his divorce to Alexis might have been simply for phony reasons.
During a June interview on the Juicy Scoop with Heather McDonald podcast, Tamra referred to Jim as a “shady motherf**ker” and suggested he was faking this divorce because he is “going to go to jail.” Shannon also made her own allegations against Jim, stating she heard he had to shut down his trampoline business due to lawsuits.
Jim, 56, filed for divorce from Alexis, 41, on June 20 and requested spousal support from his wife in the divorce filing.
The couple however has since released a public statement stating their divorce is amicable and that they have agreed to a 50/50 custody split of their three children.
Jim has yet to comment on this lawsuit.
Photo Credit: Xavier Collin/Celebrity Monitor
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