Read Lil Wayne’s 21-Page Lawsuit Against Cash Money Records
Billboard has obtained the 21-page lawsuit and it shows Weezy’s contract with Cash Money and what he believes he’s owed and why. In essence, it all comes down to dollars and cents.
In the suit, Tunechi claims he’s owed $10 million for the recording and completion of his very delayed ‘Tha Carter V’ album. This is in accordance with the contract, which stipulates that Cash Money agreed to pay Wayne an advance of $8 million per solo album with another $2 million payment upon the delivery of the said album.
Wayne also alleges that Cash Money has failed to pay him profits and royalties as it relates to his artists on Young Money, LLC. In addition, the ‘Believe Me’ rapper wants copyright ownership of all YMCMB recordings, which includes Drake, Nicki Minaj and others.
In the end, as we previously reported, Wayne wants to take his artists and leave Cash Money.
It’s a very complicated lawsuit with tons of money and music involved. So yes, $51 million is at stake here and this is going to be one tough legal fight.
TMZ is now reporting that Universal, Cash Money's parent label, is forcing Birdman to settle with Wayne. On the flip side, Weezy told sources that if Cash Money ponies up the $10 million he is owed, he will retract the lawsuit.
Rumors and speculation aside, it's all up in the air right now. Hopefully, Lil Wayne and Birdman can work out an amicable settlement.
Read Lil Wayne's lawsuit documents below.