According to Theblast, LiL Wayne has finally had enough of Birdman cashing checks off his hard work, and either wants the Young Money music label handled properly or shut down completely.
Wayne filed documents demanding that the court either “appoint a receiver to supervise the operations of Young Money Label joint venture or order the termination of Young Money Label joint venture and appoint a liquidator.”
Weezy originally sued Birdman’s Cash Money Records, claiming the music exec owed him tens of millions of dollars, including an $8 million advance for “Tha Carter V.”
Birdman has already responded to the demand, claiming Wayne has no right to shut down the label while the rapper is still under contract with the company.
Young Money was launched as a joint venture between Wayne and Cash Money in 2003. Wayne feels like he’s brought in tons of talent to the label, including Drake and Nicki Minaj, but claims Birdman financially screwed him over.
Birdman makes it clear, nobody should be appointed to take over or dissolve Young Money.