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.
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