Lil Wayne’s $51 Million Lawsuit Leaked Throwing Cash Money Under the Bus

Lil Wayne’s $51 million lawsuit against Cash Money Records wasn’t a shock to me.  I knew eventually things would come to an end when things started going left.   But what we didn’t know was how much fuckery, foolishness and shadiness was going on within the label.

 

According to 21-page suit, posted Mark H. Jaffe, the level betrayal went from 0-100 real quick (Drake voice) Peep some of the shadiness below

 

  1. Lil Wayne’s Young Money Entertainment is technically not owned by Lil Wayne because his “Pa”, Birdman, owns 51% interest in the label while Weezy owns 49%.

 

  1. Cash Money Records failed to provide Weezy and/or Young Money with accounting statements and payments of net profits for years.

 

  1. Since early 2012, Cash Money has failed to provide monthly accounting statements and/or failed to pay Young Money its share of receipts with regard to Drake’s recordings, who is signed to Young Money.

 

  1. Cash Money has failed to provide a single accounting in respect of the exploitation of the Drake recordings, despite Drake being one of the bestselling recording artists in recent years.

 

  1. Cash Money has failed to pay Young Money any royalties for recordings owned and commercially exploited by Young Money.

 

  1. Cash Money failed to properly register the copyright in the Young Money Label recordings as jointly owned by Cash Money and Carter/Young Money LLC.

 

  1. Cash Money would refuse to sign artists that Lil Wayne brought to join Young Money.

 

  1. Cash Money failed to account to and pay third parties (i.e. producers, etc.) involved with recording artists signed to Young Money.

And these are just a few things brought out in the lawsuit, among many from Birdman and Cash Money.

I really hope they get things together.  As stated, i’m not surprised this happened, I saw it coming years ago. I see “Young Thug” being the future of Cash Money Records.

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.