Lil Wayne Rapper sues Universal Music for $40 Million over unpaid royalties

Wayne claims that Universal gave an advance of $100 million to Cash Money and had been using his (Young Money) profits to repay the loan to itself.

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Lil Wayne play

Lil Wayne

(Mirror)
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Popular rapper, Lil Wayne is suing Universal Music Group (Cash Money’s distributor) for withholding his royalties and that of the artistes that his label, Young Money helped build up.

Lil wayne sued again play

Lil wayne sued again

(Splash)

 

Wayne claims that Universal gave an advance of $100 million to Cash Money and had been using his (Young Money) profits to repay the loan to itself.

According to the law suit, Wayne is seeking $40 million in damages .

The lawsuit reads:

"With Universal’s knowledge of Lil Wayne’s rights to partial ownership and profits from those artists, Universal and Cash Money entered into a series of agreements which, among other things, diverted Lil Wayne’s substantial profits to repay debts of Cash Money,.As a result, 100% of the profits that should have been paid to Lil Wayne as a result of his ownership of Drake, Nicki Minaj and Tyga records have been seized by Universal to repay debts that were neither incurred by nor were the obligations of Lil Wayne."

This is also following another lawsuit Lil Wayne filed against Cash Money last year which is still pending.

Lil Wayne sued over alleged stolen Trukfit t-shirt design play

Lil Wayne sued over alleged stolen Trukfit t-shirt design

(bit)

 

Wayne is suing Cash Money for $51 million under the claims that the label owned by his adoptive dad, Baby, did not pay him what he is owed and also that of his Young Money artistes.

Read: Rapper gifts daughter with 2016 Range Evoque as she turns 17

Meanwhile, Wayne and his ex wife, Anthonia Wright, have been spotted together, causing speculations that the couple might be getting back together.

Although Wayne has fathered 4 kids by four different women, he had been married to Carter, who happens to be his childhood love.

The reports reveal that Wayne is looking to rekindle their romance and Toya is obviously ready to give him a chance.

Watch Lil Wayne in video below.

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