Tuesday, August 31, 2010 3:37 PM
By Nolan Strong
is planning to take on rival and G-Unit leader 50 Cent for an amount that could be as much as $5 million dollars. According to the Nashville City Paper, Young Buck
will sue 50 Cent for his freedom from his G-Unit recording contract, which has prevented him from releasing material, or recording guest appearance tracks with other artists. Young Buck
, born David Darnell Brown, filed for Chapter 13 bankruptcy protection, to pay off his debt in a structured, timely manner. The Nashville rapper will file a lawsuit against 50 Cent, G-Unit and Sha Money XL.
"Mr. Brown intends to reorganize his debts and pay off the IRS in a timely manner through Chapter 13," Lynda Brown told the City Paper. "We hope to secure the return of his personal property quickly. He will also be filing a lawsuit in the next 30-60 days against his former manager, G Unit label and Mr. Curtis Jackson."
In a previous statement regarding his debt to the IRS, Young Buck
claimed his tax troubles were the result of inept business practices. "This IRS situation came about because I trusted accountants, lawyers, and managers to handle my business for me while I focused on making music," Young Buck told AllHipHop.com in a statement. "From now on, I am going to stay on top of my own business."
In 2008, Sha Money XL claimed that G-Unit had paid Young Buck over $10 million in royalties as an artist on G-Unit Records
. Young Buck has publicly denied receiving anywhere near that amount from the label.
From AllHipHop.com
http://allhiphop.com/stories/news/archive/2010/08/31/22356973.aspx
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