Cash Money's claim to dismiss a lawsuit from Aspire Music Group over unpaid Drake royalties was denied recently.
If you forgot or you simply unaware, a label called Aspire Music Group filed a lawsuit against Cash Money Records back in January 2017 for some unpaid Drake royalties. They claimed to have signed Drake in 2008 before Cash Money and apparently worked out a deal to split profits for any commercial exploitation from the 6 God. Well as we reported last year, Aspire Music Group never received those payments from Cash Money, so they brought their claims to New York state court against Cash Money and Universal Music Group.
Looking to get out of it, Cash Money tried to dismiss the claims because there was allegedly a provision in the agreement that forced Aspire to provide written objections within two years of receiving an accounting statement, which they ultimately failed to do.
However it appears their claim to get out of the motion was denied, and the lawsuit is moving forward. According to The Hollywood Reporter, New York Supreme Court Judge Barry Ostrager rejected Cash Money's motion to dismiss the claim, and the lawsuit is now going to court.
"The Money Defendants' purported frustration of Aspire's ability to perform any of these apparent conditions precedent necessitates denial of the Money Defendants' motion to dismiss," Ostrager explains in court documents. "Here, Aspire alleges the Money Defendants provided deceptive statements reflecting no monies due to Aspire and eventually ceased providing Aspire with any accounting statements. Aspire has provided documentary evidence of at least one request to conduct an audit of Cash Money and Cash Money's purported failure to adequately respond."
We’ll have to wait and see what happens in court, but things are moving forward. Read the full in depth report on the story right here if interested.