50 Cent And His Lawyers Are Going After Young Buck’s Royalty Checks
In January 2020, Young Buck filed for bankruptcy, counting the IRS, his ex-girlfriend and 50 Cent among his creditors.
He made an agreement with his trustees and agreed to pay $515 per month to repay his debts.
However, earlier this year he was accused of withholding a royalty check for $24,228.14 sent directly to his publisher.
It was too much for 50 Cent, who wanted the license control to be handed over to them directly and not through the trustees.
According to 50 Cent and his legal team, G-Unit prepaid $250,000 for a two-album deal with Buck in 2014. However, Buck never delivered albums for G-Unit and instead released music on his Cashville label. Buck had to pay him back mainly because his musical property has become G-Unit’s possession.
“Under the clear terms of the Recording Contract, the G-Unit Property belongs to G Unit because it owns all of the works comprising such property and [Young Buck] is only entitled to a percentage of the net proceeds G Unit earns from licensing such works. Therefore, the Motion to Compromise should be denied,” 50 Cent’s lawyer William N. Helou explained. “Here, the compromise is not fair and equitable because the Trustee’s settlement with [Young Buck] is premised on the incorrect assertion that the G-Unit Property is property of the estate. It is not.”
An arbitrator will comment on the 1950s motion next year.