Exclusive: Puffy Puts His Money Where His Fists Were

Puffy Puts His Money Where His Fists Were

One of hip-hop music's most embarrassing and closely watched episodes took a step toward conclusion last week with a secret deal between Bad Boy Records CEO SEAN ("Puffy") COMBS, one of rap's wealthiest moguls, and STEVE STOUTE, an executive with rival label Interscope. In April, Puffy and two bodyguards allegedly beat up Stoute after a disagreement over a music video in which Puffy appeared nailed to a cross.

Attorneys for both sides refused comment, but a source close to the principals says Combs' payout to Stoute amounts to about $500,000. Part of the payout will be cash, and part will allow...

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