Young Jeezy
Young Jeezy & Def Jam SLAPPED WIth A $5 Million Lawsuit By Former Business Partner!
August 22, 2012GWL Staff
According to reports, the former business partner Demetrius Ellerbee is saying that Jeezy and Def jams failed to share millions of dollars in profits from the hits he helped the rapper to produce and promote. More details below..................
The lawsuit was filed in Fulton County Superior Court, and Demetrius said he and Jeezy, whose real name is Jay Wayne Jenkins, founded Atlanta-based CTE (Corporate Thugz Entertainment) Music in 2001 as equal partners and later signed with Def Jam to distribute the rising rap artist’s music.
And despite the success of CTE, Ellerbee has seen little of the millions in Def Jam advances and royalties paid to the company, according to Ellerbee’sAtlanta attorney, Mario Breedlove.
In addition to at least $5 million in damages, Ellerbee is seeking interest, punitive damages and legal costs. New York-based Def Jam’s parent company, Universal Music Group, also is named as a defendant in the suit.
Also, Ellerbee is the founder of Hush Management, a music company he started in 2006 in Atlanta. In an online bio, says,
In addition to at least $5 million in damages, Ellerbee is seeking interest, punitive damages and legal costs. New York-based Def Jam’s parent company, Universal Music Group, also is named as a defendant in the suit.
Also, Ellerbee is the founder of Hush Management, a music company he started in 2006 in Atlanta. In an online bio, says,
”I have negotiated multi-million dollar endorsement deals, managed projects and overseen collaborations with Jeezy and superstars such as Usher, Kanye West, Lil Wayne, Mary J.Blige, Rick Ross, Timberland, Jay-Z, The Dream, Fabolous, Jadakiss, and R. Kelly.”
Read more about the suit here
Read more about the suit here
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