Sounds like Lil Wayne is going to court.
Weezy’s label Young Money Entertainment, which is well-known for hosting rappers Drake and Nicki Minaj, is being sued over a name discrepancy. Before Young Money Entertainment, there was a “youngmoney.com.”
According to TMZ, Lil Wayne made an agreement with the former “youngmoney.com” that he can’t seem to follow through on.
The suit claims the company that owned the website sold it to Wayne’s Young Money label in 2011 for $600,000. But there were strings attached … if Wayne’s Young Money didn’t make the payments on time, YM would forfeit the name youngmoney.com and it would go back to the seller.
Apparently five years later, Weezy has not attended to a $25K balance. So far, there have been no comments from any Young Money members. Check out the full story here.
SOURCE: TMZ | PHOTO CREDIT: Getty Images