(AllHipHop News) Cash Money Records has taken a few losses in recent months. Several performers parted ways with the label and former Hot Boy member Turk was granted a default motion in his legal case against the company. According to The Jasmine Brand, Ronald “Slim” William and Bryan “Birdman” Williams’ business has now picked up a victory.
[ALSO READ: Turk Wins Default Motion Against Cash Money Records]
The site reports Jas Prince lost a $4 million fight over royalties from YMCMB’s Drake. Prince claims he originally discovered the Toronto rapper and then helped him sign to Aspire Music Group. Drizzy later signed with Cash Money as well.
Prince said Cash Money agreed to pay him $5 million for advances and profits from Drake’s music, but he only received $1 million. He then filed a lawsuit against Cash Money for the remaining payments. Earlier this year, Prince also requested paperwork showing exactly how much money Cash Money made off Drake’s music.
Cash Money argued that they never entered into a binding agreement with Prince. The company stated they only owed Aspire a percentage of the profits from Drake, not Prince as an individual or his Young Empire Music Group. A federal judge has sided with Cash Money and granted the label’s motion to throw the case out.
In February, Prince was asked about the likelihood he would receive any funds from Cash Money considering Turk had been battling with the label for his own royalties for years. He responded, “But Turk is not a Prince.” Turk is now awaiting final judgement on how much money he will be awarded from Cash Money.
A source tells AllHipHop.com that Cash Money has not won the case outright. A judge has given Prince 40 days to amend his complaint to include Aspire as a necessary party.