In his own lawsuit (filed in an Illinois court on February 19), Chance alleges that “Corcoran repeatedly breached his fiduciary responsibilities to Mr. Bennett by trading on Mr. Bennett’s good name for his own benefit, diverting business opportunities to his separate companies, and demanding and accepting kickbacks as the ‘price’ of doing business with the Mr. Bennett.”
Throughout the lawsuit, Chance downplays Corcoran’s role in shaping and advancing his career. Instead, Chance highlights the importance of his father Ken Bennett and his brother Taylor Bennett in amplifying Chance’s success. (Corcoran, in contrast, had suggested Chance worked more closely with his family only after The Big Day.) Consistently, Chance claims that Corcoran violated his trust, resulting in the April 2020 termination of their relationship.
Among Chance’s allegations is that Corcoran used Chance’s reputation and success to promote his own wine company (No Fine Print) and record company (Nice Work). In one instance, Chance claims, Corcoran suggested to Live Nation that the touring company “would have a much better chance of getting to promote a tour involving Mr. Bennett if it agreed to buy wine from Mr. Corcoran.” Live Nation apparently agreed to buy the wine and Chance eventually announced a Live Nation tour, but now claims he was unaware of the wine deal at the time. He and his lawyers write that “Mr. Corcoran’s conduct violated his fiduciary duties to Mr. Bennett.”
Elsewhere in the lawsuit, Chance says Corcoran “botch[ed]” the plan to release Chance’s mixtapes and album on vinyl. According to Chance, “Corcoran did not secure a single vinyl copy of 10 Day, Acid Rap, Coloring Book, or The Big Day before the projects were listed for sale on chanceraps.com. As a result of Mr. Corcoran’s mismanagement, fans placed orders for the vinyl copies despite the fact that no vinyl copies actually existed.” Chance says that he was forced to refund over $1 million for unfulfilled vinyl sales.
In contrast to Chance’s claims, Corcoran had said in his lawsuit that he and Chance devised the vinyl plan together. Corcoran also said the “plan was suddenly halted at the last minute after Taylor Bennett unilaterally decided that he disagreed with the sale and distribution strategy.” Corcoran added, “This abrupt shift put a halt on the production of the goods and fulfillment of orders, which could only be lifted through express authorization of [Chance the Rapper].”
Formally, Chance is suing Corcoran for breach of fiduciary duty, tortious interference with prospective economic advantage, and breach of contract. For each count, Chance is asking for at least $1 million.
When reached by Pitchfork, Pat Corcoran and Pat the Manager LLC shared the following statement: