Legal documents online have revealed that Lil Wayne, real name Dwayne Michael Carter, Jr., and Young Money Entertainment, LLC. have filed a lawsuit against Cash Money Records, Inc. for $51 million over Lil Wayne’s “Tha Carter V” album.
It was back in December when Lil Wayne tweeted that Cash Money Records was the fault of his “Tha Carter V” album being constantly delayed.
The Young Money CEO and rapper apologized to his fans and made it public that he wanted off of his label Cash Money Records and wanted nothing else to do with them.
Since that time, a twenty-one page lawsuit document surfaced online naming Lil Wayne and Young Money Entertainment, LLC. as plaintiffs and defendants named as Cash Money Records, Inc.
In the legal document, allegations made include mishandling of marketing expenses; unpaid royalties to Young Money for rapper Drake recordings; a refusal to provide Wayne financial information for his solo releases and Young Money releases; a failure to pay an agreed-upon $8 million advance to Wayne for Tha Carter V and more.
Lil Wayne is asking for $51 million and wants off of Cash Money Records and wants to keep Young Money artists including Drake, Nicki Minaj and others on the Young Money label’s roster.
View the legal document below: