Birdman is pulling all the stops to prevent Lil Wayne from dissolving
Young Money Entertainment.
Back in October, Lil Wayne filed court documents asking the courts to
appoint a receiver to oversee the operations of Young Money pending
the outcome of his lawsuit against Cash Money and Birdman.
Basically, Weezy want Birdman to stop cashing checks off the backs
of his YM artists, so he is asking a judge to either appoint an
independent party to oversee the day-to-day operation or to
liquidate the company.
Birdman wants neither of the above and has asked his lawyers to
move to stop Lil Wayne from dissolving the label they both co-founded
almost 15 years ago. Sources say the Cash Money honcho is furious
that Weezy is trying to terminate the label which he calls an iconic
brand in hip hop. He feels like Weezy is being vindictive and is only
doing it to hurt his bottom line.
Previously it was reported that Lil Wayne filed a lawsuit
against Birdman and Cash Money for $51 million . According to the
New Orleans rapper, Cash Money owes him $8 million in advances for
his shelved album, Tha Carter V . He claimed in his legal docs that he
is also owed royalties and a cut off the profits from artists he
brought to the label like Nicki Minaj and Drake. He also wants the
judge to relieve him from his contract with Cash Money Records
claiming that the label breached the contract by refusing to pay him
his album advances.Nicki-Minaj-Lil-Wayne-and-Drake
Birdman has since shelved the Carter V album and there is no signs
that the project will ever see the light of day. The rapper/music exec
wants nobody to be appointed to man the operations of Young Money
or the label dissolve and that makes perfect sense since it’s YM
artists like Drake and Nicki Minaj are currently making the bulk of
the cash for Cash Money.

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