Snoop Dogg is suing the Pabst Brewing Company. According to The Hollywood Reporter, the company was sold to a group of investors after the rapper’s endorsement contract had expired and he wants his fair share.

Snoop Dogg was an official brand ambassador for Pabst’s Blast by Colt 45 beverage. The rapper is asking for 10 percent of the sales because of a Phantom Equity Clause in his contract.

The clause reportedly says if the company is sold during the contract, which ran from 2011 to 2014, or up to two years after, he is supposed to receive “10 percent of the net price of such sale.” The company was sold a few months after the contract expired in January of 2014.

HipHopDX | Rap & Hip Hop News | Ad Placeholder
AD

AD LOADING...

AD

The brewing company, known for Pabst Blue Ribbon beer, has released a statement. “Pabst Brewing Company has been under new ownership and new management since November 2014,” the statement says. “We have not been contacted by Snoop Dogg or his representatives about this issue. We are investigating the matter and would be happy to talk to Snoop or his representatives to try to get to the bottom of this.”

For additional Snoop Dogg coverage, watch the following DX Daily:

Please enable Javascript to watch this video
HipHopDX | Rap & Hip Hop News | Ad Placeholder
AD

AD LOADING...

AD