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Rapper Young Jeezy has been hit with a $5 million lawsuit from a former business partner, who claims he was cut out of millions of dollars in profits earned from the rapper’s career.
Demetrius “Kinky B” Ellerbe filed a lawsuit against Young Jeezy, Def Jam Recordings and UMG, in Fulton County, Superior Court in Georgia.
According to the lawsuit, Ellerbe helped Young Jeezy form CTE Entertainment, which houses rappers like Freddie Gibbs, Tone Trump, Slick Pulla and others.
Ellerbe says he was instrumental in obtaining the label’s distribution deal with Def Jam Recordings, but he was still cut out of millions of dollars in profits.
The lawsuit claims that Young Jeezy redirected millions of dollars in royalties and advances to his own personal account.
“Essentially, Young Jeezy just kind of took over the company, and elected to take all the funds,” Ellerbee’s attorney Mario Breedlove said.
Demetrius Ellerbe is seeking at least $5 million in damages, in addition to interest, punitive damages and legal costs.
Sure looks like a a familiar logo on that chain?
