The legal drama won't let up when it comes to Lil Wayne and the business behind his Carter albums. The latest news from behind the scenes money issues stems from T-Pain claiming Weezy owes him a lump of cash from Tha Carter III.
TMZ reports that T-Pain is after Lil Wayne for $500,000 from the services Pain did on the third episode of the albums series. Nappy Boy Productions is suing Young Money, claiming that T-Pain has not received any of the promised royalties since producing and featuring on the track "Got Money." Furthermore, the suit is also looking for funds since Young Fyre, one of T-Pain's signees, produced "How to Hate" on Tha Carter IV.
2008's Tha Carter III sold more than 3.2 million copies in the United States alone, so the documents state that T-Pain is waiting on a big lump sum that he has yet to receive, which he estimates to be at least half a million.
As we recently reported, Lil Wayne is supposedly looking to shut down Young Money Records. Documents reveal that the issues Wayne is dealing with in regards to Cash Money and Birdman are now streaming down to his own imprint. Wayne reportedly wants the label to be dealt with properly or have it dissolved as a whole.
In documents filed by Weezy, he is asking the courts to "appoint a receiver to supervise the operations of Young Money Label joint venture or order the termination of Young Money Label joint venture and appoint a liquidator." The reports add that Lil Wayne is sick of Birdman cashing in on all his hard work.
If the Young Money label comes to a close, it will be the end of a big era. The imprint served as a stepping stone for artists such as Drake and Nicki Minaj to make their mark in the hip-hop industry.
All this Young Money/Cash Money drama stems all the way back to 2014 when Wayne alleged that his Tha Carter V was not being released and that his $8 million dollar advance from Birdman was not being paid out.
