Ray J, the multifaceted entertainer known for his music hits, reality TV stardom, and entrepreneurial spirit, finds himself in hot water once again. Reports surfaced of a lawsuit filed by American Express against Ray J and his company, Tronix Network, in Los Angeles Superior Court. The credit card giant is seeking a whopping $139,849.85 for an alleged breach of contract.
The Lawsuit Details
According to court documents, American Express claims that Ray J and Tronix Network ceased making payments on a corporate credit card account starting in May 2025. Despite repeated demands, the outstanding balance has ballooned to $139,849.85, including principal, interest, and late fees. The suit accuses the defendants of:
- Breach of contract: Failing to adhere to the terms of the credit agreement.
- Unjust enrichment: Benefiting from the credit without repayment.
- Account stated: Acknowledging the debt but not settling it.
As of now, Ray J has not publicly responded to the allegations, and no court date has been scheduled. This isn’t the first time he has faced financial scrutiny. Fans may recall past disputes involving unpaid bills and business fallout, but this case highlights potential cash flow challenges at Tronix Network, his ambitious streaming venture.