Lil Wayne's music label, Young Money, has been sued by the owner of the website, youngmoney.com, which is a firm that has been assisting young entrepreneurs make and manage money for over a decade.
In the court documents, the owner of the website claims that the domain name was sold to #YoungMoney in 2011 for $600,000 but with a clause which stated that if Young Money failed to pay up on time, the label would forfeit the domain name and it would go back to the seller.
It turns out that Wayne's company only paid $350K and refused to pay the balance of $250K. Hence, the owner is suing to get the domain name back.
Young Money promotes stars such #Drake and #NickiMinaj.
