Young Jeezy denies that he owes alleged former best friend and business partner Demetrius Ellerbee half of his profits.
Young Jeezy is somewhat of a vet in the rap game. Between having a number ofÂ successful albums under his belt, andÂ being recentlyÂ appointedÂ Senior VP of A&R at Atlantic Records, the snowman has made quite a name for himself.Â
It came as a surprise last year when a man namedÂ DemetriusÂ Ellerbee claimed that he was as much a part of Jeezy's success as the ATL rapper himself. Ellerbee claimed heÂ helped JeezyÂ found CTE Music in 2000, and was his business partner. He declaredÂ that he was owed half of the total profitÂ the rapper had made to date, which he estimated was at least $5 million, but likely much more onceÂ royalties and interest wereÂ factored in. He has also saidÂ that he served as executive producer on two of Jeezy's albums.
Jeezy has now responded to the lawsuit with legal documents denying his partnership with Ellerbee. The docs say that contrary to Ellerbee's claims, the two were not best friends, they did not form any music companies together, and Jeezy did not enter into any agreements to share half of his profits with Ellerbee.
Ellerbee's camp has yet to respond and the case is still pending.