The suit was filed earlier this week in New York State Supreme Court. Revelations licensed Prince's name and likeness to create 3121 and another fragrance due out in 2009. According to court documents, Revelations put out more than $2.5 million for said privilege and promised to give Universal a 50 percent cut of the proceeds, and in return Prince was supposed to be available for marketing purposes.
"Since July 2007, despite repeated attempts by Revelations there have been virtually no communications from anyone who could commit to or coordinate any promotional efforts by Prince," the suit states.
Responding to the suit, which its legal team had not yet seen, Universal issued a statement calling the plaintiff's claims "completely without merit."
While nowhere near the amount of this suit, it's never a good time to (possibly) be out $100K. The jury's still out as to the results.