Hip hop mogul Damon Dash, left, has filed a $5 million breach of contract lawsuit against filmmaker Lee Daniels over the profits to an upcoming Richard Pryor biopic.
Posts Tagged: outstanding debt
Rap mogul 50 Cent is crying foul over the bankruptcy payment plan approved by his trustee to pay off his $30 million debt to his creditors.
He argued that the creditors’ payment plan is in violation of the 13th Amendment which abolished slavery 150 years ago.
The 13th amendment states that slavery or involuntary servitude should only be used as punishment for a crime.
Years of wild spending has apparently caught up with Cash Money Records owners Lil Wayne, left, Bryan "Birdman" Williams, right, and Ronald "Slim" Williams (not pictured).
According to a report on gossip tabloid TMZ's website, Cash Money Records' unpaid bills are stacking up and creditors are filing lawsuit after lawsuit against the brothers. It looks like the cash machine is running out of unlimited funds.