Bryan Michael Cox addressed his involvement in a failed enterprise enterprise tied to Usher and a $1.7 million lawsuit, making it clear he had no hand within the disputed transaction and warning others to be cautious about whom they do enterprise with.

“I’ve learned a lot recently about being careful with who you choose to invest in a business with,” Cox wrote in a statement shared on social media. “No matter how small the investment.”

The Grammy-winning producer, recognized for crafting a few of Usher’s greatest hits like “Burn” and “U Got It Bad,” is known as in a lawsuit filed by the R&B star in Fulton County Superior Court. The swimsuit stems from a mortgage Usher offered in January for a restaurant venture in Atlanta that by no means materialized.

Cox defined he had no operational position within the deal and emphasised that he was merely a minority shareholder within the firm on the heart of the dispute.

“I’m currently in the middle of a failed deal that I didn’t orchestrate, and while the situation has been disappointing, I know my name will be cleared by both sides,” he stated. “It’s just unfortunate that this clarity didn’t come sooner.”

Usher’s grievance additionally names Keith Thomas, Charles Hughes and leisure lawyer Alcide Honoré.

The lawsuit claims the $1.7 million loan was intended to help secure a Buckhead property for a restaurant called Homage ATL. The location was the previous Ocean Prime at 3102 Piedmont Road.

Though Usher declined to take a position straight, he agreed to fund the deal by a mortgage. The cash was positioned in a belief account, with the understanding that the property could be bought promptly. But after months with no progress, Usher requested for the cash again.

While $1 million was returned in August, the remaining $700,000 stays unpaid. Court filings allege Honoré admitted the funds had been used for “other purposes,” making compensation “not that easy.”

Usher’s authorized crew is looking for $4.9 million in damages, citing seven separate claims within the lawsuit. As of Tuesday, not one of the defendants had filed a response.

Cox made it a degree to separate the authorized matter from his private relationship with Usher, which has spanned practically three many years.

“My legal team has also advised me of a lawsuit involving a company where I am only a passive minority shareholder,” he continued. “I was not a participant in that business transaction and have no involvement in the ongoing legal process. While I’m unable to share more details right now, I want to make one thing absolutely clear: my 27-year friendship with @‌usher remains fully intact.”

He ended his assertion by thanking those that have proven him assist.

“I appreciate everyone who has reached out with concern. Thank you for the love, the patience, and the understanding.”

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