Lil Wayne has filed a lawsuit against Ronald Sweeney — who represented him from 2005 until September last year — because he was being charged a 10 percent fee for every deal he helped close. The 36-year-old rapper claims he was never told by his legal representative that the industry standard is the considerably lower five percent. Wayne is suing his former lawyer for over $20 million.
According to legal documents obtained by TMZ, Sweeney also proposed that he receive an additional 10 percent of all profits from Wayne’s Young Moneylabel, but the “Lollipop” hitmaker rejected the request.
However, Wayne claims Sweeney also hired another law firm to assist with his dispute with Cash Money over his Carter V deal, with the other company taking 23 percent of the Cash Money settlement and 15 percent of the Universal Music Group settlement, on top of his regular lawyer’s inflated commission.
Wayne is seeking the $20 million he claims the lawyerunfairly made over the years in commission.