“Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties,” a statement from Cash Money Records said at the time, according to Billboard. “In terms of the particulars, we’re prohibited legally from saying anything further. I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself. At some point, Wayne will let his fans know what’s going to happen next.”
The rapper reportedly walked away with $10 million from the settlement.
Sweeney also emphasized Lil Wayne’s recent masters sale to Universal Music Group as a reason the rapper could afford to pay him, TMZ reported. Lil Wayne sold the masters to UMG in June for $100 million, the outlet reported.
Lil Wayne Reportedly Sued For $20 Million By Ex-Manager iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.
Ex-Manager Sues Lil Wayne for $20M Over Commissions Lil Wayne Sued Ex-Manager Says . You Owe Me $20 Million+!!!
According to docs, obtained by TMZ,
Ronald Sweeney claims Wayne hired him in 2005 to help renegotiate his deal with Cash Money. You ll recall Weezy beefed with Cash Money honcho
Birdman over how much Cash Money paid out to Wayne s label, Young Money.
Long story short . Lil Wayne settled that Cash Money lawsuit in May 2018, but Sweeney now claims he only got a few payments from that settlement . and they were nowhere near what he says his full cut should be.
Then there s this . in the suit, filed by attorney