50 Cent’s record label G-Unit is claiming to have ownership over Young Buck’s music catalog. The dispute between the two parties regards a Chapter 7 bankruptcy filed by Buck in January of 2020.
Earlier this year, Buck was accused of trying to hide $24,228.14 in royalties and recently reached an agreement with the bankruptcy account on a $515 monthly payment plan.
50 Cent, however, claims the money is owed to him as G-Unit is the owner of any music made by Buck.
“Under the clear terms of the Recording Contract, the G-Unit Property belongs to G Unit because it owns all of the works comprising such property and [Young Buck] is only entitled to a percentage of the net proceeds G Unit earns from licensing such works. Therefore, the Motion to Compromise should be denied,” 50 Cent’s lawyer William N. Helou explained.
In July 2014 G-Unit gave $250,000 to Buck in exchange for him signing a recording contract to record two albums for the label. He never completed the terms of the agreement.
“Here, the compromise is not fair and equitable because the Trustee’s settlement with [Young Buck] is premised on the incorrect assertion that the G-Unit Property is property of the estate. It is not,” Helou said.
[Via]