Report: Lil Wayne Claims Cash Money Records And Universal Purposefully Withheld Money From Him

Wayne claims he is owed a profits from his Young Money artists.

July 05, 2017
Report: Lil Wayne Claims Cash Money Records And Universal Purposefully Withheld Money From Him Lil Wayne performs at the 2014 BET Awards.   Kevin Winter / Getty Images

Lil Wayne's ongoing legal struggle with Cash Money Records got more complicated on Wednesday. Wayne's lawyer filed an amended petition in New Orleans court claiming that the label and Universal Music Group conspired to withhold money from him, according to a report from TMZ.

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The petition names Cash Money co-owners Brian “Birdman” Williams and Ronald “Slim” Williams and UMG. Wayne claims that he hasn't seen the profits he should be making off of his Young Money signees like Drake, Nicki Minaj, and Tyga.

In 2009, Young Money and Cash Money struck a deal which stated that any money earned from Drake recordings could not be used to pay off debts Cash Money owed to Universal.

Wayne's amended petition states that, "Despite Universal being aware of Cash Money’s obligations to pay royalties and profits to Plaintiffs, and Cash Money’s failure to do so, Universal made a series of huge cash advances to Cash Money which Universal contended were nonetheless collateralized by, and recoupable by Universal against, the future revenues on Drake and other artist records and albums delivered by Cash Money."

According to TMZ, UMG and Cash Money backdated paperwork in order to make it look like Wayne had no contractual obligation to money earned by Young Money artists. Wayne is seeking over $40 million in damages, the appointment of a liquidator for all Cash Money assets, a permanent injunction, and the freedom to release his Tha Carter V however he wants to.

Wayne has been in a legal struggle with Cash Money since 2015, when he opened up a lawsuit against Birdman and Cash Money over the $8 million advance he was allegedly owed for Tha Carter V.

Representatives for Lil Wayne were not immediately available for comment.

Report: Lil Wayne Claims Cash Money Records And Universal Purposefully Withheld Money From Him