Lil Wayne is suing record label Cash Money for US$51 million (NZ$70m).
The 32-year-old rapper has filed a lawsuit, which has been obtained by gossip website TMZ, against the company, whose CEO is fellow rapper Birdman, claiming they owe him millions of dollars for his upcoming album Tha Carter V.
As a result of the alleged withholding of funds, Wayne is looking to leave the record label and is also keen for a judge to declare he is the joint copyright holder for everything released on his Cash Money imprint, record label Young Money, which includes Nicki Minaj and Drake recordings.
Sources connected to the Lollipop hitmaker claim that Wayne was due to receive US$8 million (NZ$11m) in advance of recording the album, which he started in December 2013, and then a further US$2 million (NZ$2.8m)when he finished the record last year - but they insist he hasn't received the money.
The insiders added that Tha Carter V, which was initially due to be released last May before being delayed until December 2014 and still not released, will drop if Birdman pays up.
