Young Jeezy’s Business Partner Sues Him & Def Jam For $5 Million In Unpaid Profits

    Demetrius Ellerbee, business partner to Young Jeezy, has filed suit against the rapper and Def Jam Recordings, claiming the defendants have failed to share millions of dollars in profits from songs he helped produce and promote.

    According to The Atlanta Journal-Constitution, Ellerbee, who said he founded CTE Music with Jeezy in 2000, filed the suit in Fulton Count Superior Court. He asserts that he has seen little of the millions in advances and royalties paid to the company. He claims Jeezy intentiontally “misappropriated” funds and directed them to personal accounts.

    Ellerbee claims that he’s owed $5 million, a number that could inflate when royalties and interest are taken into consideration. He says he’s still awaiting an accounting of all Def Jam payments to CTE in order to find out exactly how much he’s owed.

    “They were partners,” said Ellerbee’s attorney Mario Breedlove. “They started the company together. They grew the company together. And he’s entitled to one-half.”

    RELATED: T.I. Says Atlantic Records Asked For His Opinion On Young Jeezy Being Appointed SVP Of A&R

    18 thoughts on “Young Jeezy’s Business Partner Sues Him & Def Jam For $5 Million In Unpaid Profits

    1. If Coach K is suing Jeezy, Den we finna see if his character is flawed like muhfuckas been sayin 4 tha longest. This tha cat that rode wit him thru all tha allegations.. shyt cray

    2. BroKe ass nigga not payin his crew. I knew this nigga lame throwing subliminals and shut. Rozay bodied this niggas career how he gon at niggas they money. Haha his career over!!!

      Bawse!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      1. U IGNORANT STUPID FUCK HE BLEW ROZAY FIRST WEEK NUMBERS OUT DA WATER PRETTY MUCH HOW NIGGAS IN DA HOOD BLOW UR MOMS PANTIES AWAY U FUCKN LAME

      1. you’re so narrowed-minded. you think rappin’ is everything you need in this business? first of all, you need some CAPITAL to be noticed. there’s many people that rap, surely some of them rap better than jeezy, and only a few gets attention. WHY you think? promotion, videos… that’s how business is conducted: somebody comes to the table with money, somebody else ideas and they split. get your education

    3. kinky b is da man suing him, not coach k dummy. dats fucked up….CTE might be on its downfall period now, kink been around from day1.

      1. Says the fat fuck who cant sell more than jeezy in first week sales or total sales!!! Jeezy got 3 platinum plaques and you got none! lol

    Leave a Reply

    Your email address will not be published. Required fields are marked *