Lil Wayne’s $51 million lawsuit against Cash Money Records and its head Birdman was a shock to many. What we didn’t know is how far the label’s shady dealings with Weezy, his Young Money Entertainment and artist Drake ran.
According to 21-page suit, posted Mark H. Jaffe, the f***ery and betrayal goes deep, as seen in the following points via Reason4Rhymes.com:
1. Lil Wayne’s Young Money Entertainment is technically not owned by Lil Wayne because his “Pa”, Birdman, owns 51% interest in the label while Weezy owns 49%.
2. Cash Money Records failed to provide Weezy and/or Young Money with accounting statements and payments of net profits for years.
3. Since early 2012, Cash Money has failed to provide monthly accounting statements and/or failed to pay Young Money its share of receipts with regard to Drake’s recordings, who is signed to Young Money.
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