Welcome!

News Feed Item

Suit Filed Against Popular Rapper Lil Wayne for Not Paying Private Jet Service

Lil Wayne Owes Over $1 Million to Signature Group for Jet-setting Lifestyle

WEST PALM BEACH, Fla., Aug. 5, 2014 /PRNewswire/ -- Signature Group LLC of Miami, Florida has filed a lawsuit for more than a million dollars against popular rapper, entrepreneur and budding sports management agent, Dwayne Michael Carter, Jr., better known as Lil Wayne. The complaint states that Young Money Entertainment, LLC and Dwayne Carter, president of Young Money Entertainment, owe more than $1 million in missed payments, fees and charges for leasing a Gulfstream private jet operated by Signature Group.

According to the complaint filed by Mrachek, Fitzgerald, Rose, Konopka, Thomas & Weiss, P.A on behalf of Signature Group, Young Money Entertainment and Lil Wayne have not paid their bills under their current lease agreement or otherwise for the greater part of 2014.

The complaint shows how Carter and his entourage used the aircraft throughout 2013 and 2014 for domestic and international flights for the purposes of business, including a European tour, and leisure, and in 2014 Young Money Entertainment, guided by Manager, Cortez Bryant and at the direction of their new business manager started missing payments under the lease agreement and failed to pay in full the operating expenses relating to flights on the aircraft.

Lil Wayne and his management team requested several costly custom improvements to the aircraft to accommodate his unique lifestyle preferences consisting of satellite telephones, a custom bed and sophisticated medical equipment.

Right now, Dwayne Carter and Young Money Entertainment owe Signature Group more than $1,066,751.67 for fees and late charges under the lease agreement and the amount continues to increase until payment is remitted.

"We provided Lil Wayne and his Young Money organization with the service they desired and expected, since 2006. We've mutually benefited from our longstanding working relationship and have had the pleasure of flying several artists under the Young Money Entertainment umbrella," stated Kevin Parrott, owner of Signature Group, LLC. "This suit could have been avoided if Young Money Entertainment paid Signature Group, as promised, before the upcoming 2014 Drake vs. Lil Wayne tour.

"We have multiple text messages from his management team, to Mr. Parrott, stating that they have 'no money' to pay the bills currently, contrary to the earlier and repeated promises to pay," said attorney Scott Konopka, who represents Signature Group.

Signature Group has repeatedly attempted to communicate with Young Money Entertainment, by phone, in writing and even text message, but Young Money Entertainment will not communicate and that has necessitated this lawsuit.

Signature Group is seeking a trial by jury and damages against Young Money Entertainment and Carter, as well as interest and attorney's fees.

About Signature Group, LLC of Florida:
Signature Group LLC, with offices in Miami, Florida and on Wall Street in New York City, is a premium boutique provider and owner of private jets for lease. Signature Group focuses principally on the recording industry, concentrating on live music tours worldwide. Signature Group understands and accommodates live music tour travel budgets providing maximum financial vitality for artist, concert organizers and management booking companies.

About Mrachek, Fitzgerald, Rose, Konopka, Thomas & Weiss, P.A:
Mrachek, Fitzgerald, Rose, Konopka, Thomas & Weiss, P.A handles high-end, sophisticated commercial litigation in state and federal courts. The Firm has offices in West Palm Beach, and Stuart, Florida, and is comprised exclusively of trial lawyers. For more information, visit www.mrachek-law.com.

Media Contact: Tom McNicholas [email protected] 772-263-1567

SOURCE Mrachek, Fitzgerald, Rose, Konopka, Thomas & Weiss, P.A

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Infrastructure is widely available, but who’s managing inbound/outbound traffic? Data is created, stored, and managed online – who is protecting it and how? In his session at 19th Cloud Expo, Jaeson Yoo, SVP of Business Development at Penta Security Systems Inc., discussed how to keep any and all infrastructure clean, safe, and efficient by monitoring and filtering all malicious HTTP/HTTPS traffic at the OSI Layer 7. Stop attacks and web intruders before they can enter your network.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
You are moving to the Cloud. The question is not if, it’s when. Now that your competitors are in the cloud and lapping you, your “when” better hurry up and get here. But saying and doing are two different things. In his session at @DevOpsSummit at 18th Cloud Expo, Robert Reeves, CTO of Datical, explained how DevOps can be your onramp to the cloud. By adopting simple, platform independent DevOps strategies, you can accelerate your move to the cloud. Spoiler Alert: He also makes sure you don’t...
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.