Back in January of 2017, a label called Aspire Music Group filed a lawsuit against Cash money records for some unpaid Drake royalties. They claim to have signed Drake back in 2008 before Cash Money Records and the two parties agreed to split profits for commercials exploitation from the Champagne Papi. Aspire Music Group never received those payments the two labels agreed on. So they brought their claims to New York court against Cash Money Records and Universal Music Group.
As cash money tried to dismiss the claims because allegedly there was a provision in the agreement that forced Apsire to provide written objections within two years of receiving an accounting statement, in which they failed to do. However it seems to appear as their claim to get out of the motion was denied and the lawsuit is moving forward. The New York supreme Court judge Barry Ostrager rejected Cash Money’s motion to dismiss the claim.
“The Money Defendants’ purported frustration of Aspire’s ability to perform any of these apparent conditions precedent necessitates denial of the Money Defendants’ motion to dismiss,” Ostrager explains in court documents. “Here, Aspire alleges the Money Defendants provided deceptive statements reflecting no monies due to Aspire and eventually ceased providing Aspire with any accounting statements. Aspire has provided documentary evidence of at least one request to conduct an audit of Cash Money and Cash Money’s purported failure to adequately respond.” As thing move forward, we will have to just wait and see’s the outcome of this case.
Published By: Darren Jackson (Intern)