Lil Wayne sues former lawyer
The 36-year-old rapper has filed a lawsuit against Ronald Sweeney - who represented him from 2005 until September last year.
BANG - Lil Wayne is suing his former lawyer for over $20 million after claiming he paid him a much higher rate of commission than the industry standard.
The 36-year-old rapper has filed a lawsuit against Ronald Sweeney - who represented him from 2005 until September last year - because he was being charged a 10% fee for every deal he helped close, and he claims he was never told by his legal representative that the industry standard is the considerably lower 5%.
According to legal documents obtained by TMZ, Sweeney also proposed he received an additional 10% of all profits from Wayne's Young Money label, but the _Lollipop _hitmaker rejected the request.
However, he claims Sweeney also hired another law firm to assist with his dispute with Cash Money over his Carter V deal, with the other company also taking 23% of the Cash Money settlement and 15% of the Universal Music Group settlement, on top of his regular lawyer's inflated commission.
Wayne is seeking the $20 million he claims the lawyer unfairly made over the years in commission.
Last year, the Sucker For Pain singer received a hefty pay off of "well over $10 million" as a settlement of his legal battle against Birdman, Cash Money Records and Universal Music Group.
The rapper had filed a lawsuit demanding Cash Money pay him a reported $51 million in 2015, claiming CEO Birdman, owed him millions of dollars for his album Tha Carter V.
Sources claimed when the suit was settled that Universal wrote the eight-figure cheque and that they were happy to do so as Cash Money imprint, record label Young Money, make millions thanks to a roster of major clients such as Drake and Nicki Minaj.
Wayne was reportedly due to receive $8 million in advance of recording the album, which he started in December 2013, and then a further $2 million when he finished the record a year later, which he has now received.