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Lil Wayne SUED

Could Lose Big Part of Young Money

7/7/2014 12:40 AM PDT BY TMZ STAFF
EXCLUSIVE

0705-young-money-tmz-02Lil Wayne's label could lose the firehose that promotes stars like Drake and Nicki Minaj among many others ... according to a new lawsuit.

Turns out before there was Young Money there was something called youngmoney.com -- a business specializing in helping young entrepreneurs manage and make money for more than a decade.

The suit claims the company that owned the website sold it to Wayne's Young Money label in 2011 for $600,000.  But there were strings attached ... if Wayne's Young Money didn't make the payments on time, YM would forfeit the name youngmoney.com and it would go back to the seller.

Wayne's company hasn't paid the $250K balance it owes and is blatantly blowing off its obligation ... according to the lawsuit.  So the seller is suing to get its domain name back.

We reached out to Wayne's Young Money.  They had no comment.

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78 COMMENTS

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1.

105 4N93135    

BS. Something is off here... They wouldn't jeopardize a multimillion dollar label over 250k

75 days ago
2.

I just wanted to comment    

I never understood why he went with the name "Young Money" anyway. Or why he blurts out "Young Moolah" in songs. Cash Money was fine as it was. Or is it because Cash Money is more Bird man's thing?

75 days ago
3.

Clytemnestra    

FAMOUS IN 12 CANCELLED AFTER FIVE EPISODES!

75 days ago
4.

Jordan    

We can only hope that the LITTLE Wayne will give another Deposition where he is a complete Idiot, and does not show up to court and Loses.

75 days ago
5.

Kobe_No_Means_No    

Nah, too late to stop them. Too powerful now. They can just get YMCMB.com and the cash still be coming in. Dat's how we roll, ya heard? YMCMB 4 LIFE. Truth.

75 days ago
6.

TuxThePenguin    

maybe he can go leech offa' Beebtard for awhile...

75 days ago
7.

tmon3ydadjmbr    

This is weird.

75 days ago
8.

SoRad    

Nikki doesn't even write her own verses. Lil Wayne is a complete joke. Drake's songs are catchy. YM is an embarrassment to music. The sickest rappers that have amazing flo are Angel Haze and Eminem both of them deserve more fame then they have.

75 days ago
9.

scott    

They should have no problem paying that if they own Buggati's. Simple math. If they don't pay that off they are true dumb a$$e$

75 days ago
10.

Apathy    

I hope all da other fake Larrys don make this into a race thing.

75 days ago
11.

poodlenme    

Lill. Wayne, Big Pain

75 days ago
12.

Unbroken Chain    

It's inevitable that Mr Hankey will be broke some day. Just like all of them. It's a shame they can't hold on to their money

75 days ago
13.

Pure Evil    

I hear young*****.com is available.

75 days ago
14.

Truth    

MEHHH... GIVE IT BACK TO THEM. DOESNT TAKE MUCH TO BUY A NEW DOMAIN YOUNGMONEYENTERTAINMENT.COM. ADD 1 F*CKIN WORD AND THERE'S NUTHIN THEY CAN DO. POINT BLANK. $60...0K FOR A DOMAIN, LAME! LIL WAYNE IS MORE OF A MORON THAN THOT. #TRUTH!!

75 days ago
15.

01void    

Lil Wayne should Just pay up or change the name of the web site, why dump money on a law suit.

75 days ago
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