Lil Wayne’s group Young Money Entertainment is being sued for domain name according to XM Radio Channel 47 The Heat.
Young Money made a website called YoungMoney.com a business meant to help young people make money. They signed an agreement in 2011 for the domain name for $600,000. The stipulation to the agreement was that timely payments must be made for the domain; if payments were not made on time the name would be retracted and given back to the seller.
It is 2014 and Young Money still owes $250,000 is being sued for the disregard to its obligation to pay.
Young Money has yet to commented on the lawsuit or its legitimacy. But regardless, we all know its the truth.