50 Cent Challenges Young Buck’s Bankruptcy Sale
The conflict arose as a result of the assets Buck hopes to sell that have not been disclosed, according to WSJ. In the filing, 50 Cent is asking to see what assets Buck intends to sell, claiming his former artist’s intellectual property belongs to G-Unit.
“Thus, all compositions created by the debtor have already been irrevocably conveyed to Jackson (and Universal), and G-Unit retains irrevocable rights of ‘every kind and nature,’ including to rights to royalties, copyrights, to renew/extend copyrights and to causes of action,” 50’s attorney’s wrote in papers filed last week.
Young Buck’s assets are going up for sale as a result of a judge-ordered Chapter 7 bankruptcy liquidation, which includes intellectual property, masters, royalties and more.
Young Buck was signed to 50 Cent’s G-Unit label in 2004 and recored two solo albums before falling out with 50 and the label. He and 50 had not reconciled. As a result, Young Buck was not let out of his original G-Unit contract, which prevented him from signing to other labels.
A hearing on the matter is expected next month in Nashville, Tenn. –E. Parker, CBS Local
See what’s up on JAMZ!
- Jaden Smith Gets a Love Interest in Kylie Jenner for ‘Blue Ocean’ Video: Watch
- Wayne Coyne Talks Shelved Kesha Project, Sides with Singer in Dr. Luke Controversy
- Tyga Disses Nicki Minaj, Drake: ‘He’s Just Fake to Me’
- Hang Out With 101.9 AMP Radio At The Orlando Making Strides Against Breast Cancer Walk!
- Watch Floyd Mayweather Beat Justin Bieber with a Baseball Bat in a Boxing Ring, Courtesy of ‘Conan’
- 8-Seconds of White Noise from Taylor Swift Topped the Canadian iTunes Chart
- Sia Does ‘You’re Never Fully Dressed Without A Smile’ For ‘Annie’ Soundtrack: Listen
- Kesha Denied Dr. Luke Molested Her in Years-Old Deposition
- We Can Survive 2014: What Have the Performers Been Up To?
- Kanye West Gets All Mushy in Honor of Kim Kardashian’s Birthday