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.