Jack Osbourne Sued by Comerica Bank for Defaulting on $250,000 Loan
Former reality TV star Jack Osbourne is facing a lawsuit from Comerica Bank, which alleges he defaulted on a $250,000 loan taken out in February 2021. The bank claims Osbourne, signing as the sole member of Osbourne Media LLC, failed to repay the debt, triggering a default clause in January 2026 that increased the interest rate by 3% and made the full balance due immediately. As of late April, the outstanding amount exceeds $253,000, with interest accruing at $81.60 per day. This legal action coincides with the collapse of Osbourne Media House, a subscription-based content platform launched in April 2024 that shut down after one year due to financial difficulties. While it remains unclear if the loan funds directly supported this venture, Osbourne previously admitted the family bit off more than they could chew. The bank is seeking repayment of the principal, accumulated interest, and legal costs. The article also contextualizes recent family hardships, including the death of Ozzy Osbourne in July 2025. Neither Jack Osbourne nor his media company has immediately commented on the lawsuit filed in California.
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Jack Osbourne Sued by Comerica Bank for Defaulting on $250,000 Loan
Former reality TV star Jack Osbourne is facing a lawsuit from Comerica Bank, which alleges he defaulted on a $250,000 loan taken out in February 2021. The bank claims Osbourne, signing as the sole member of Osbourne Media LLC, failed to repay the debt, triggering a default clause in January 2026 that increased the interest rate by 3% and made the full balance due immediately. As of late April, the outstanding amount exceeds $253,000, with interest accruing at $81.60 per day. This legal action coincides with the collapse of Osbourne Media House, a subscription-based content platform launched in April 2024 that shut down after one year due to financial difficulties. While it remains unclear if the loan funds directly supported this venture, Osbourne previously admitted the family bit off more than they could chew. The bank is seeking repayment of the principal, accumulated interest, and legal costs. The article also contextualizes recent family hardships, including the death of Ozzy Osbourne in July 2025. Neither Jack Osbourne nor his media company has immediately commented on the lawsuit filed in California.
New York Post