Youbet Com securities lawsuit Wayne Witkowski

Although the case pertains to various breaches of contract and money owed to Wayne, an issue at the heart of the Louisiana case today is whether or not Wayne is still under contract with Cash Money. In late 2016, this case is ongoing, without a clear end in sight.

In April 2015, he voluntarily withdrew the complaint from federal court in New York, but he refiled virtually the same complaint in state court in Louisiana. His complaint outlined how Cash Money had wronged him, not only in the role of his record label, but also as a business partner in the Young Money joint venture. In 2014, Wayne famously declared on Twitter that he was a prisoner of Cash Money and that he wanted ' off this label and nothing to do with these people.' Shortly after, he filed a lawsuit, claiming that Cash Money owed him upwards of $51 million in failed royalty payments and advances and should be penalized further for other contractual breaches. During the early 2000s, a series of disputes led to a web of settlement agreements and amendments to Wayne's previous agreements with Cash Money. Wayne held a 49 percent stake in the imprint, and it was his efforts that would advance the label's success, signing and developing some of the most popular artists of our time, like Drake and Nicki Minaj.īut in the midst of his come up, his relationship with Birdman deteriorated. Wayne would carry Cash Money into the next century, releasing four RIAA certified platinum albums (in addition to seven gold albums) and entering into a joint venture with Cash Money to create a remarkably successful imprint, Young Money. Birdman, the owner and founder of Cash Money, would mentor Wayne and develop both his musical pursuits and flourishing A&R career. In the years which followed, Brian 'Baby' Williams, a.k.a. In 1991, at the age of 9, Lil Wayne became the youngest member of Cash Money Records.

Youbet Com securities lawsuit Wayne Witkowski