Lil Wayne files $20 million suit against former lawyer Ronald Sweeney claiming he overcharged him
Lil Wayne has filed a $20 million lawsuit against his former attorney Ronald Sweeney, claiming he charged him double the industry rate for 13 years.
The Grammy Award-winning rap star, according to TMZ, said in court docs that Sweeney charged him 10 percent per deal when most deals in the industry were around five percent.
The 36-year-old entertainer, whose real name is Dwayne Michael Carter, Jr., said Sweeney had asked him for 10 percent of his earnings from his label, Young Money, but he declined the offer.
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Headed to court: Lil Wayne, 36, has filed a $20 million lawsuit against his former attorney Ronald Sweeney, claiming he charged him double of the industry rate for 13 years. He was snapped last year in Las Vegas
The Uproar artist said in court docs that Sweeney – who was his lawyer from 2005 thru last year – outsourced some of his legal heavy-lifting to other firms, including his suit against Cash Money Records over his album Tha Carter V and fiances.
The Love Me rapper said that Sweeney’s firm, Sweeney, Johnson & Sweeney LLC, took in disproportionate amounts from legal settlements the rapper came to in the case, including 23 percent from the Cash Money and 15 percent from the Universal Music Group.
The Lollipop artist’s suit against Cash Money Records was settled last May 23 of last year, according to The Blast.
‘Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties,’ Sweeney said in a statement at the time, according to Billboard.
Speaking out: The Grammy Award-winning rap star said Sweeney charged him 10 percent per deal when most deals in the industry were around five percent
He continued: ‘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.’
Sources told The Blast that a sum ‘well over $10 million’ was paid out by Universal Music Group, and not Cash Money Records co-founder Birdman.
As part of the suit, Universal agreed to put out Tha Carter V, and did so in late September, with the album zooming to a number one debut and more than 433 million streams – marking the second-highest streamed album ever in its debut week.
Claims: The Uproar artist said in court docs that his lawyer outsourced some of his legal heavy-lifting to other firms