Aspire Music Group has hit Cash Money records with a lawsuit, accusing owners Birdman and Slim of falsifying accounting records.
Aspire Music Group is the original record that signed Drake, before he moved to Young Money, a label under Cash Money records.
The group claims that its being owed royalties and profits from the rapper’s discography.
“Defendants have brazenly engaged in a systematic and pervasive effort to cheat Plaintiff out of its contractual entitlement to tens of millions of dollars in profits and royalties, and to its one-third ownership interest in the copyright to Drake’s first six albums. Plaintiff brings this action to right this egregious wrong,” the new claim reads.
According to Aspire, Cash Money presented fake account statements to cheat them out their advance fee, and usually refused to show them Drake’s earnings.
“Plaintiff and its principals have received nothing more than a few modest advances from Defendants in connection with the Aspire/YME Agreement,” the lawsuit says.
“Moreover, instead of fulfilling their contractual obligation to provide these accounting statements on a monthly basis, Defendants initially provided no statements whatsoever,” lawyers for Aspire claim. “Then, when pressed, Defendants provided only sporadic, deceptive statements containing inflated and impermissible deductions. Eventually, Defendants ceased to provide Plaintiff with any accountings notwithstanding their obligation to do so.”
Aspire is suing for its $4 million advance fee, and the royalties for the 6 albums Drake has given Cash Money.
They join Lil Wayne in suing the record label, with Weezy demanding $51 million from Birdman and Slim.