Lil Wayne faces lawsuit for failed website payments

Tue, July 8, 2014 9:04am UTC by Add first Comment

 The popular rapper has been hit with a lawwsuit accusing him of failed payments for his record label’s website

The Lollipop hitmaker founded the Young Money Entertainment record label in 2005 and the website youngmoney.com already existed to promote a young entrepreneurial business.

The owners of youngmoney.com sold that web address to bosses at Wayne’s label in 2011 for $600,000, so the company could promote its artists and music releases, reports a popular entertainment portal.

According to legal documents obtained by Tmz.com, Young Money bosses had to pay off the amount in installments or they would forfeit the name and it would return to the seller.

Now the website’s original owners have launched legal proceedings to recover the domain name, alleging they are owed an outstanding balance of $250,000.Subscribe to me on YouTube


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