Young Thug (real name Jeffery Williams) will have to contend with a giant lawsuit in 2023 in addition to his pending Racketeer Influenced & Corrupt Organization Act (RICO) case. According to court documents obtained by AllHipHop, the incarcerated rap star is being sued for nearly $6 million by concert promoter AEG Presents.
The company is seeking the return of a $5 million advance for the exclusive rights to all of Young Thug’s concerts. In December 2020, AEG claimed Thugger signed an agreement in 2017 that came with the exorbitant advance, but he allegedly breached the contract.
AEG claimed even with the rights to Young Thug’s concerts, he continued booking shows on the side for hundreds of thousands of dollars in performance fees.
As AEG lawyer Kathleen Jorrie explained, “Despite having granted AEG the exclusive right to promote Mr. Williams’ concert performances under the terms of the 2017 Artist Agreement, YSL and Mr. Williams immediately failed and refused to honor their respective obligations under the 2017 Artist Agreement by, among other things, disregarding AEG’s rights, performing concerts without AEG’s involvement, and retaining all proceeds generated therefrom.”
Young Thug Denied Bond For Third Time In YSL RICO Case
The company also said Young Thug put up some of his intellectual property rights as collateral in the agreement. Subsequently, AEG thinks they “have the right to take control of the Young Stoner Life brands, portions of his publishing catalog and the Young Thug trademark” to recoup the $5 million.
AEG and Young Thug were expected to battle it out in court on October 25, but Thug was arrested on RICO charges in May. Last month, AEG’s legal team asked a judge for a one-year extension, which was granted.
The trial is tentatively set for October 24, 2023. AEG is seeking at least $6 million in damages, the rights to YSL, the name Young Thug and attorney fees. As for the RICO trial, Young Thug is scheduled to appear in court next January.
But that’s not even all of Young Thug’s legal woes. Last week, he was sued for $150,000 over an Atlanta concert that was scheduled to take pace in June at the State Farm Arena. Due to his arrest, he was unable to fulfill his obligation and the promoters want their deposit back.
Yep, when you can’t make them shows here come those more legal words. All that bragging about money just went out the window just now. Stick a fork in him.
Coming from a TRUE hip hop he head, I’m saying he won’t be missed lol bring back the boom pap ish FOR REAL!!!!
lol i bet Thug regrets making literally nothing but enemies for his entire life right about now.
Example why Hip Hop will not exist in 5 years. Major record labels and promotion companies will distance themselves from liabilities like Young Thug and others rappers who can’t stay out of trouble.
so young thug is hip hop now when you want to claim he’s hip hop on some bs. fuck a label and fuck you too
White label executives look at black rappers the same. In their minds, Black Thought isn’t different from Young Thug. J. Cole isn’t different from Lil Durk
who gives a fck what an exec think – you know nothing. just looking for attention every day with the same troll garbage. obsessed with the power of a black man. how? why? our power hypnotises – got a hater like you tied up in knots everyday predicting doom and gloom
Hip Hop culture is fake. Everything is advanced/loan. 99.9% of rappers are in debt to their labels.
you sound stupid as fuck. seriously just give up
He speaking the truth tho. Why you mad lil bitch
A prison bitch rapper now gets the opportunity to be a real prison bitch.
Why hasn’t birdman got him out? He had a milli at 10 years old
The Feds do not bring a case unless their evidence is iron clad. You can bet they have enough to convict Thug and Gunna.
Not a fed case, also witnesses are no longer willing to testify