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Is Drake Trying To Get Out On YMCMB Contract? Rapper Reportedly Being Screwed Out Of Millions According To Lawsuit By Jas Prince [PDF File Attached]
The man who discovered Drake is suing his management company, claiming that he is being cheated out of his share of royalties. In addition the lawsuit claims that Drake is also being screwed out of money he has earned.
James "Jas" Prince, the son of Rap-A-Lot Records CEO J. Prince, filed a lawsuit in Manhattan Supreme Court against Cortez Bryant, Gerald Roberson, Derrick Lawrence and their firms, including Aspire Music Group LLC, Laurant Management and Three Kings. Prince says they have refused to provide an accounting of what he is owed.
The lawsuit states that in or around 2007/2008 Prince discovered Drake on Myspace and introduced him to Lil Wayne, Bryant, Young Money Entertainment and Cash Money Records, Inc. Prince claims that despite an agreement to split the profits associated with Drake's success, he hasn't been paid a dime.
The suit also alleges that Drake hasn't been paid either.
“He hasn’t been paid, and we haven’t been paid,” Prince’s lawyer, James McMillan told the New York Post.
McMillan told the New York Daily News that the companies are hiding behind one man, Ronald Sweeney, who represents both Drake's managers and the record company that pays the royalties.
McMillan says the companies are controlled by Lil Wayne and have sold over 5 million copies of Drake's albums.
"It's one big shell game," McMillan said.
Julia Beverly of Ozone Magazine points out that on page 2 of exhibit F of the lawsuit, Drake's lawyers appear to be attempting to get Drake out of his YMCMB contract.
The PDF file of the lawsuit is attached here.
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Comment
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Comment by Natasha The Real Deal on July 31, 2012 at 4:15pm -
Im not suprised at all!Run Drake Run,lol!
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Comment by David on July 31, 2012 at 4:10pm -
Green suede jacket, really
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Comment by greebuh on July 31, 2012 at 3:00pm -
DMX- "I sold my soul to the Devil and the price was cheap. Yo it's cold on this level cause it's twice as deep." Should have listened to the peeps before you Drake.
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Comment by ltwonderboy on July 31, 2012 at 1:52pm -
I was waiting for this. young I.O.U.'s
and
Layaway Records!
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Comment by Trend Saga on July 31, 2012 at 1:32pm -
Taking half of everything you get, And we know that! Contract all f***ed up! I guess that means you all f***ed up! You signed to one n**** that's signed to another n**** that's signed to three n****s, now that's bad luck!
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Comment by sean hine on July 31, 2012 at 1:25pm -
he is a c*** i hope he goes bust
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Comment by chuc1 on July 31, 2012 at 1:03pm -
This ain't nothing new! Baby been screwin artists out of their money!,and if wayne claims 2 b his son,then I guess the apple don't fall too far from the tree!!
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Comment by SoundBOI on July 31, 2012 at 1:02pm -
Part of the game. Operation F*** The Industry is needed.
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Comment by WatdeFunk on July 31, 2012 at 11:17am -
somebody say Death Row...heeyy, heeyy!@#$%^&*!
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Comment by Marvin Bernard on July 31, 2012 at 11:13am -
That's why Tony Yayo works w/ 50. 50 pays fools
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