Young Jeezy Sued by Former Manager For Half of Earnings
Young Jeezy's former manager and best friend, Demetrius “Kinky B” Ellerbee, is suing the Atlanta rapper for half of his business earnings, according to the Courthouse News Service.
According to the News Service, Ellerbee filed a lawsuit against his former best friend and business partner, Jeezy, in Fulton County Superior Court last week, claiming that he helped the Snowman form his Corporate Thugz Entertainment (CTE) group and that he’s “entitled to half of all royalties, advances and distributions.”
Ellerbee adds that Jeezy, real name Jay Jenkins, has “intentionally misappropriated, diverted and/or converted funds” meant for CTE.
"In response to defendant Jenkins' recent notoriety as a solo artist, major music recording labels began showing interest in signing defendant CTE and defendant Jenkins to a production and/or recording agreement," the complaint states.
Added Ellerbee’s attorney Mario Breedlove:
“We believe the facts of the lawsuit speak for themselves, and Mr. Ellerbee is hopeful that this matter can be resolved among the parties swiftly and amicably.”
XXLMag.com reached out to Ellerbee, but hasn't heard back from him as of press time.
Earlier this month, Jeezy was named the Senior VP of A&R at Atlantic Records.