A.R.I. Sues Drake’s October’s Very Own (OVO) Following Default, Forbearance, and Alleged Non-Payment of Millions in Contractual Obligations
OVO previously acknowledged existing and continuing defaults and admitted indebtedness was valid, binding, and unconditionally owing under formal forbearance agreement
A.R.I. OVO Growth Capital I, LLC (“A.R.I.”), has commenced litigation in the Supreme Court of British Columbia against October’s Very Own ULC (“OVO”), the lifestyle, apparel, and entertainment company co-founded by Aubrey “Drake” Graham, Oliver El-Khatib, and Noah “40” Shebib, and led by Chief Executive Officer Derek “Drex” Jancar.
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The litigation seeks recovery of approximately $4.6 million allegedly currently due and owing, together with contractual default interest, legal fees, lender expenses, enforcement costs, and additional amounts continuing to accrue under the governing financing agreements.
