LIL WAYNE THREATENS TO SHUT DOWN YOUNG MONEY

By

It would appear as though Lil Wayne has come to the end of his rope in the long-waged legal battle between himself and former mentor Birdman .

According to new reports, the hip-hop heavyweight is threatening to dissolve Young Money under the pretense that it must be handled properly or will ultimately be shut down.

As reported by The Blast , Weezy recently filed legal documents demanding that the operations of the joint venture, under the Cash Money moniker, must be overseen by an advisor to supervise its operations or appointed a liquidator upon termination. Birdman has allegedly contested the request citing that Wayne has no legal holding to shut down the company considering he's still under contract.

Back in 2003, Young Money was launched as a joint label under Cash Money Records with Wayne grooming its rising talent like Drake and Nicki Minaj . Since then, the "A Milli" rapper has gone on to file a lofty lawsuit against co-founder Birdman including $51 million for unpaid royalties, $8 million advance for Tha Carter V and full creative control of top-tier acts.

In the midst of the hailstorm, several industry vets have come forward to defend Wayne and request that Birdman pay him his just due. The rap mogul, however, has remained relatively quiet on the dispute. Most recently, he broke his silence a few short weeks ago to clarify his stance on the situation.

Perhaps Wayne's new court filing could be the last straw in the ongoing saga. Stay tuned for more details regarding this story.

Comments

Post a Comment

Popular posts from this blog

MAN IN CUSTODY FOR ASSAULT ON PREGNANT WOMAN

By
Image
MAN IN CUSTODY FOR ASSAULT ON PREGNANT WOMAN February 22, 2017; An Osun Magistrate Court sitting in Ile-Ife has docked one Dayo Adebayo, 29, for alleged assault on a pregnant woman.   The prosecutor, Sunday Osanyintuyi, told the court that the accused committed the offence on February 13, around 11:45 pm at Ehindi Street, Ile-Ife.Osanyintuyi, said Adebayo assaulted the woman named Blessing Monday, by hitting her with his fist across her face, causing various injuries.He added that the offence was contrary to and punishable under section 356 of the Criminal Code (Cap 34 Vol 11), Laws of Osun, 2002. The accused, however, pleaded not guilty to the offence leveled against him.Defence counsel, Mrs Innocent Akhigbe, therefore pleaded for the bail of the accused in most Liberal terms, promising that her client would not jump bail and would provide reliable sureties. Magistrate Risikat Olayemi granted the bail of the accused in the sum of 5,000 Naira with one surety each in like ...
Read more

NORTH KOREA ANNOYS TRUMP WITH ANOTHER ICBM LAUNCH

By
Image
North Korea first test launch of an intercontinental ballistic missile on July 4 prompted the Pentagon to assure it can defend the United States against the growing threat ©  North Korea on Friday carried out what appeared to be its second test this month of an intercontinental ballistic missile, doubling down on its threat to develop a nuclear strike capability against the US mainland. South Korean, US and Japanese monitors all detected the unusual late-night test, with Japanese Prime Minister Shinzo Abe saying the missile may have landed within Japan's maritime exclusive economic zone. "We assess that this missile was an intercontinental ballistic missile," Pentagon spokesman Navy Captain Jeff Davis said, adding that the projectile travelled about 1,000 kilometers (620 miles) before splashing down in the Sea of Japan. However, the Russian military said the launch appeared to be a "medium-range" ballistic missile. The launch came a day after North Korea celebra...
Read more

PRESIDENT CANCELS FEDERAL EXECUTIVE MEETING TO RECEIVE PROBE REPORT ON SECRETARY TO THE GOVERNMENT OF THE FEDERATION

By
Image
The meeting of the Federal Executive Council that holds every Wednesday did not hold yesterday. Yesterday would have afforded President Muhammadu Buhari who returned to the country on Saturday the opportunity of presiding over the council meeting for the first time in over three months. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed in a statement that the meeting would not hold. Adesina did not however disclose the reason behind the decision to cancel the meeting. But he said Buhari would yesterday receive the report of the investigation committee into the allegations against the suspended Secretary to the Government of the Federation, Babachir Lawal and the Director-General of the National Intelligence Agency, Ayo Oke. The statement read, "The meeting of the Federal Executive Council will not hold today. "President Muhammadu Buhari, will however, receive the Report of the investigation committee into the allegations against the susp...
Read more

SHERIFF IS A CONTRACTOR BROUGHT INTO PDP DURING OUR TRYING TIMES

By
Image
SHERIFF IS A CONTRACTOR BROUGHT INTO PDP DURING OUR TRYING TIME 29th Feb 2017, February 27 2017 Emeka Ihedioha, a former deputy speaker of the house of representatives, has described Ali Modu Sheriff as a contractor invited to help the Peoples Democratic Party (PDP) during its low point. He said Sheriff’s contract had long expired and that he has nothing to contribute to the opposition party’s development. Ihedioha told the News Agency of Nigeria (NAN) in Port Harcourt on Monday that Sheriff by his conduct had failed to show an attitude worthy of uniting and strengthening the party. According to him, the conduct, actions, language and temperament displayed by Sheriff has succeeded in planting disunity amongst members. “His utterances after the Appeal Court judgment in Port Harcourt created division in the party rather than unit members, this showed that he is not interested in the progress of our party,” he said. “Sheriff has nothi...
Read more

MAN WHO MARRIED HIS OWN 40 YEAR OLD MUM DIVORCES HER ON THEIR HONEYMOON(PHOTOS)

By
Image
Man who married his own 40-year-old mother divorces her on their honeymoon (photos) February 26, 2017     A son that married his own mother from Zimbabwe has divorced her after visiting a church in South Africa.    He claims that a pastor from South Africa lifted the juju curse his own mother sent upon him, thus opening his eyes,t he mother gave no comment on this incident.    According to a Zambian Observer website,a man from Zimbabwe caused uproar on the internet when he decided to marry his own mother! However recently the couple got divorced after the man said that he found out that his mother used juju black magic on him.    He said the revelation came to him when he visited the church of Pastor Mboro in South Africa, who prayed for him and opened his eyes to his mother’s juju charms. Witnesses say that the man fell to his knees and began to vomit during the prayers, attracting the pastor’s attention.When the pastor beg...
Read more

NORTH KOREAN IMAGES SUGGEST MISSILE/S MAY BE CAPABLE OF HITTING ANYWHERE IN AMERICA - U.S EXPERTS SAY

By
Image
North Korea said the new missile reached an altitude of about 4,475 km (2,780 miles) - more than 10 times the height of the International Space Station - and flew 950 km (590 miles) during its 53-minute flight. Images released by North Korea on Thursday appeared to show it has succeeded in developing a missile capable of delivering a nuclear weapon anywhere in the United States and it could be only two or three tests away from being declared combat ready, U.S.-based experts said on Thursday. North Korea released dozens of photos and a video after Wednesday's launch of the new Hwasong-15 missile, and leader Kim Jong Un declared the country had "finally realized the great historic cause of completing the state nuclear force". U.S.-based experts, some of whom have been sceptical about past North Korean claims to have put all of the United States in range, said data from the latest test and the photos appeared to confirm North Korea has a missile of suffici...
Read more

MAN ATTACKS NEIGHBOUR WITH MACHETE FOR CORRECTING HIM

By
Image
Man Attacks Neighbour With Cutlass For Correcting Him        A 26-year old man identified as Jamiu Akinrogun has landed in trouble after he attacked his neighbour, Olatunde Omisade with a cutlass for correcting him and other youths.The shocking incident happened at 2, Alaye Street off Abule Odu Street, Egbeda, Lagos where they both reside.It was gathered the victim suffered his fate when he tried to offer advise to the suspect and other youths in the area over their misdemeanour conduct.       However, the suspect got angry and challenged Omisade for the effrontery which later led to an exchange of words between them. The suspect reportedly went inside his room and brought out a cutlass and attacked the victim with it and cut the victim’s hand.Omisade was bleeding profusely and was rushed to the hospital where he is being treated.      The matter was reported to the police who arrested the suspect and charged him to court with griev...
Read more

NIGERIAN POLICEMAN PAYS 15 YEAR OLD GIRL FOR SEX,COLLECTS HIS MONEY BACK AT GUN POINT

By
Image
Nigerian policeman pays 15-yr-old girl for sex,collects his money back at gunpoint   27-year-old Chukwuemeka Ekwonna, a washington, D.C., police officer has been charged with soliciting sex from a 15-year-old in Glen Burnie and then robbing her at gunpoint, in January. Police said a 15-year-old girl who was receiving services from the Department of Social Services said she had met Ekwonna on a social media application called "Tagged" and set up a meeting with him where he'd pay for sex.  The two met in the Quarterfield Crossing Apartments in Glen Burnie, where the 15-year-old performed sexual acts in exchange for money, police said in charging documents.  As the teenager attempted to leave, Ekwonna pulled out a handgun,police said. He demanded his money back and the girl complied and left. Ekwonna faces a number of charges,including armed robbery, assault, prostitution and two counts of third-degree sex offense.  Ekwonna has been with the Metropoli...
Read more

AUTOPSY RESULT RELEASED IN KENEEKA JENKINS DEATH,7 THINGS TO KNOW ABOUT TEEN FOUND DEAD IN HOTEL FREEZER

By
Image
This story has been updated to reflect new details in the Kenneka Jenkins case. The mysterious death of Kenneka Jenkins, 19, who was found dead in the freezer of a suburban hotel, has sparked national outcry and questions about the circumstances surrounding her death. The teenager left her home for a party Sept. 8, according to the Chicago Tribune. After her mother, Tereasa Martin, demanded hotel staff search for her daughter, Jenkins body was found in the hotel freezer of Crowne Plaza Chicago O'Hare Hotel & Conference Center in Rosemont, Illinois. Here is everything we know so far about the tragic death of Kenneka Jenkins.  1. Autopsy results released Friday determined that Kenneka Jenkins death was an accident. Cook County medical examiner’s office has determined the ca...
Read more