Update on Lil Wayne’s Lawsuit Against Birdman
According to reports, Lil Wayne is accusing Birdman of spending advance money.
All Hip Hop writes:
Lil Wayne claims Bryan “Birdman” Williams blew almost 70% of a $100 million advance meant to fund their Young Money/Cash Money venture.
Lil Wayne formed Young Money in 2003 with a controlling 49% interest in the venture, while the other 51% is owned by Cash Money Records.
Wayne’s $51 million lawsuit against the label claims he was shorted almost $10 million in advances, while getting stiffed on receiving royalties for Young Money acts like Drake and Nicki Minaj.
In the latest filings, Lil Wayne claims Birdman managed to spend $70 million of the advance, on paying royalties, marketing costs and recording expenses.
Lil Wayne’s legal team wants a closer look at Cash Money’s books, to try and get a handle on how Birdman managed to spend so much money.