Young Jeezy's Business Partner Sues Him And Def Jam For $5 Million
Demetrius Ellerbee, business partner to Young Jeezy, has filed a lawsuit against the rapper and Def Jam Recordings. Ellerbee has claimed that the artist and prominent record label have failed to share millions of dollars in profits from hits he helped Jeezy produce and promote…
Ellerbee, who claimed that he founded CTE Music with Jeezy in 2000, filed the suit in Fulton Count Superior Court. Despite the success of CTE, also known as Corporate Thugz Entertainment, Ellerbee also stated that he has seen little of the millions in advances and royalties that were paid out to the company.
Ellerbee's Atlanta attorney, Mario Breedlove claimed that Jeezy intentionally "misappropriated" company funds and redirected them into his personal accounts and has said that Ellerbee is owed at least $5 million.
“They were partners," said Ellerbee’s attorney Mario Breedlove. "They started the company together. They grew the company together. And he's entitled to one-half."
Words: Kristian Galea (@KrisSoAppalled)