Popular rapper, Lil Wayne is suing Universal Music Group (Cash Money’s distributor) for withholding his royalties and that of the artistes that his label, Young Money helped build up.
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| Lil wayne sued again (Splash) |
Wayne claims that Universal gave an advance of $100 million to
Cash Money and had been using his (Young Money) profits to repay the loan to
itself.
According to the law suit, Wayne is seeking $40 million in
damages .
The lawsuit reads:
"With Universal’s knowledge of Lil Wayne’s rights to
partial ownership and profits from those artists, Universal and Cash Money
entered into a series of agreements which, among other things, diverted Lil
Wayne’s substantial profits to repay debts of Cash Money,.As a result, 100% of
the profits that should have been paid to Lil Wayne as a result of his ownership
of Drake, Nicki Minaj and Tyga records have been seized by Universal to repay
debts that were neither incurred by nor were the obligations of Lil
Wayne."
This is also following another lawsuit Lil Wayne filed against
Cash Money last year which is still pending.
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| Lil Wayne sued over alleged stolen Trukfit t-shirt design |
Wayne is suing Cash Money for $51 million under the claims that
the label owned by his adoptive dad, Baby, did not pay him what
he is owed and also that of his Young Money artistes.
Meanwhile, Wayne and his ex wife, Anthonia
Wright, have been spotted together, causing
speculations that the couple might be getting back together.
Although Wayne has fathered 4 kids by four different women, he
had been married to Carter, who happens to be his childhood love.
The reports reveal that Wayne is looking to rekindle their
romance and Toya is obviously ready to give him a chance.
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