“EMI has sued Cash Money Records over late payments. According to a complaint filed by the major in the U.S Federal Court in the Southern District of New York, Cash Money has failed to make payments due to the major for undisclosed music it licensed, which apparently was connected to “Tha Carter III,” the only Cash Money release named in the complaint.
“According to the court documents EMI first sued Cash Money on Nov. 29, 2009, for “direct, contributory and vicarious inducement of copyyright infringement, unfair competition and breach of contract,” in a case that was ultimately settled on Feb. 17, 2010.
“As part of that settlement, Cash Money paid $1.5 million at that time, as the first of two payments, with the second one had been due within 180 days.”
Read the full story at Billboard.
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