Lil Wayne (2009) speaks during the 51st
Annual Grammy Awards held at the Staples Center on February 8, 2009
in Los Angeles, California.
Lil Wayne wants all of his chips back from his former attorney,
who he says has been overcharging him for over a decade.
According to a report TMZ posted yesterday (Jan. 30), the Young
Money founder is suing his former lawyer Ronald Sweeney because the
attorney was charging him double the industry’s standard rate.
Court documents state that Sweeney, who represented Wayne from
2005 to September 2018, charged him 10 percent for every deal he
helped close.
Weezy says that Sweeney neglected to tell him that the standard
industry rate is only five percent.
The documents also state that Sweeney once proposed that he get
an additional 10 percent of all profits from Young Money, but Wayne
swiftly shot down that idea.
Along with the up-charge, Wayne says that Sweeney hired another
law firm to assist in the Cash Money litigation for their deal over
Tha Carter V. Weezy also says the firm got 23 percent of the Cash
Money settlement and 15 percent of the Universal Music Group
settlement.
All of that was on top of Sweeney’s inflated 10 percent charge
he was already hitting Weezy with. Within the past 13 years, Wayne
asserts that Sweeney made at least $20 million through his work him
him. Now, he wants every penny back.
Ronald Sweeney reportedly isn’t the only one feeling the wrath
of Weezy’s legal team. Last week (Jan. 27), Young Thug claimed that
Wayne is threatening to sue him over Thugger’s upcoming Barter 7
project.
Thugger first revealed that he was working on the follow-up to
Barter 6 back in 2017, but hasn’t confirmed a release date yet.
There’s no word on whether Wayne is actually planning to sue
Young Thug.
Read more lil-wayne-sues-former-lawyer-for-20m-for-overcharging-him-report/