T-Pain is suing his former manager to the tune of $1 million.
According to The Blast, T-Pain is accusing his former manager of illegally taking commissions for years and claims they owe him over a million dollars.
T-Pain has sued his former management company, Chase Entertainment Corporation, who were signed on to be his personal manager and talent agent from 2005 for 20% commission from his recordings and endorsements.
Here's what The Blast is reporting:
T-Pain said he paid all the commissions over the years and did so on time. He says he only recently learned the company was not licensed to be an agent. He says that over the years, “a relationship developed in which Plaintiff placed his full faith and trust” in the managers, who “promised to protect him and advise his career decisions.” The rapper claims he fired his manager in 2014 and demanded they cease interfering with his business matters.
T-Pain says the manager has failed to turn over all monies received relating to his music career. The lawsuit accuses his former manager of not paying all the expenses he was required to, failing to account for all the money brought in and failing to provide accounting of his finances. T-Pain also accuses his former manages of illegally taking commissions without obtaining a talent license and for allegedly “concealing from Plaintiff the true nature and details of the financial agreements related to his music career, including the income truly earned by him from his public performances and the necessary and proper expenses occurred in connection with same and marketing monies received by Defendant on behalf of Plaintiff’s career.”
He is seeking in excess of $1 million in damages and for the return of all commissions he paid since 2005.
The former manager has hopefully been saving up his coins over the years... he's going to need them!