By: Amanda Anderson-Niles
The other day it was reported that rapper Lil Wayne would be suing Cash Money Records any day now over his album’s multiple delays and money he claims he is still owed by Birdman.
Now it appears Weezy is making things official and suing the label for $51 million.
The NY Daily News writes:
In a $51 million lawsuit filed in Manhattan Federal Court, Weezy says Cash Money Records has been failing to honor his contract and cheating him out of millions.
The company has failed to pay Wayne — listed in the lawsuit as Dwayne Michael Carter Jr. — the $8 million it owes him for his soon-to-be-released album “Tha Carter V.”
The suit says that under the terms of a 2012 contract extension, Cash Money is supposed to pay him $8 million up front when he starts work on a new album, and another $2 million when he delivers it.
Lil Wayne says he delivered the completed album in December — but the label has yet to pay him for even starting it.
His lawyer, Michael Kramer, told the Daily News that since Cash Money hasn’t paid the $8 million for that album, “it appears they won’t be paying Lil Wayne for the two additional albums” the contract calls for.
The “Got Money” rapper says the label has messed with him in other ways also — failing to pay for overhead and failing to file royalty reports for another artist it handles from Lil Wayne’s Young Money imprint, Drake.
Interestingly enough, sources tell TMZ that Weezy will remain on Cash Money if he’s paid what he’s owed.
Lil Wayne mean business. Got one of the best attorneys in the entertainment business. Waiting on tea while I pop popcorn.
It’s a damn shame how Baby is treating him. He gets new b-ssy in Young Thug and then turns his back on Wayne. The industry is a grimy place.
LMBO.
LOL. Agreed.
Well all Birdman had to do was pay the man.
He’d stay if he got his money? So he still hasn’t learned. He needs to leave that label regardless.
He is under contract with them. If they pay then I think he is obligated to stay if I’m not mistaken unless Birdman chooses to release him
He is going to court to get released from his contract. He is proving that they are negligent with the terms of the contract which if proven they will have to honor the sue amount and the judge will allow the release. I’m pretty sure that they are going to handle this out of court and they will release him.
Crazy. Baby needs to write that check. I think he hasn’t out of spite.
It’s crazy how much things can change.
Man I remember when the Hot Boys and Juvie were big. Then Baby and Slim had to mess that up. I don’t know why Lil Wayne figured they wouldn’t do the same to him.
51 mil? Damn.