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 Dark Gable LaFlair on August 4, 2012 at 12:05pm -
its not hard to make it look like you got money s*** i came on yo block you would think im cheesed up
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Comment by Dark Gable LaFlair on August 4, 2012 at 11:53am
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is yall stppoid the ones talkin bout oh how he broke he just brought that big house aduhhh just because he brought the house dont mean its totally paid for he most likely didnt pay cash for it if he havin money issues obvious some of you kno nuthing of buying a house its called finaced and you pay the bank back which may have the deed to the house
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Comment by AMMIKHI on August 1, 2012 at 10:52am -
Everybody keep talkin' bout Drake new 7.7 million dollar house...but the truth of the matter is...If a record label is sheisty, then they gonna keep a car and a crib and some jewelry in yo face....to keep your mind off that "OTHER OTHER" money....And i see why Wayne had to speak up on the Pusha-T dis...The truth can igg you a certain kind of way!!!!!!!....but um, That "OTHER OTHER" money when it start rolling right can buy a couple of nice houses and cars!!!!
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Comment by S (DOT) C1 on August 1, 2012 at 4:26am -
and they didnt say he's struggling they said he struggling to get his payments smdh read people read
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Comment by S (DOT) C1 on August 1, 2012 at 4:25am
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dumb f**** "how he didnt get paid if he bought that big a** crib?" show money you a** smh
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Comment by grave_5tone on August 1, 2012 at 12:30am -
THIS IS WHAT PUSHA T WAS SAYING THEY TAKING HALF OF EVERYTHING YOU GET
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Comment by DJ Slowpoke on July 31, 2012 at 8:51pm -
how is he strugglin and he just brought that big a** crib
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Comment by TheBlockkBoyy on July 31, 2012 at 7:01pm
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If he haven't received a payment how did he just buy that mansion for $7.7 million?
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Comment by defoneee on July 31, 2012 at 6:02pm
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i'll be a drake fan if he leaves ymcmb
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Comment by mike on July 31, 2012 at 5:43pm -
Lil wayne is the biggest f***** jew when it comes to playing out $$. Motha fucka makes like 40 mil a year, cough up whats owed mannngggg
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