Akon Facing $150 Million Lawsuit By Former Business Partner Devyne Stephens
(AllHipHop News) Devyne Stephens is reportedly suing his former business partner Akon over unpaid fees.
According to TMZ, Stephens wants $150 million from the singer/businessman.
The website reports:
Stephens is the music exec who famously helped launch Akon’s career, and his Konvict Music label — and in a new lawsuit he says he’s supposed to be getting 40% of everything Akon’s earned since 2006. He says their contract gives him a cut of record sales, touring rights, royalties and more.
Figures posted by TMZ suggest Akon has made close to $400 million over the last decade.
Stephens is the founder of Upfront Megatainment, and he once worked at LaFace Records.
The Atlanta native is credited with contributing to the careers of Usher, Alicia Keys, Lady Gaga, T-Pain, and other artists.
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