By Hassan Sanusi
The 32-year old rapper has filed a lawsuit, the court documents of which have been obtained by TMZ, against the company whose CEO is fellow rapper, Birdman.
In the suit, Lil Wayne is claiming the label owes him millions of dollars for his upcoming album, ‘Tha Carter V’.
As a result of the alleged withholding of funds, Wayne is looking to leave the record label and is also keen for a judge to declare he is the joint copyright holder for everything released on the Cash Money imprint and his record label, Young Money which includes Nicki Minaj and Drake recordings.
Sources connected to the ‘Lollipop’ hitmaker claim that Wayne was due to receive $8 million in advance of recording the album, which he started in December 2013 and a further $2 million when he finished the record last year – but they insist he hasn’t received the money.
The insiders added that ‘Tha Carter V’, which was initially due to be released last May before being delayed until December 2014 and still not released, will drop if Birdman pays up.
Just last month, Wayne hit out at Cash Money in a Twitter outburst in which he claimed the record label were ‘refusing’ to put out the record and insisted he wanted to leave the company because he felt like a ‘prisoner’.
