by Mike Winslow
(AllHipHop News) James Prince, the founder of what is one of the most important record labels in Hip-Hop history, is backing Wayne in his $51 million lawsuit against the label.
It’s a major move for Wayne, who said he was “defenseless and mentally weak” and threatened to retire, just last week.
“Where [Wayne] is weak, I am strong. He has gained an ally, and together we will get back all money owed to him and my son off the Drake albums.”
Lil Wayne is suing his longtime record label for $51 million, $10 million of which was an advance allocated to be given out after the completion of Tha Carter V.
Apparently, James Prince Jr. is still chasing royalties from Cash Money, after suing the label for $11 million.
In July, James Prince Jr. had reportedly reached a settlement with Young Money, that was for much less than the $11 originally sought for discovering Drake.
“I witnessed the hard work that went into Drake’s career and for Cash Money to try and take something that isn’t theirs to take, does not sit well with me and family around the world.”