Not-so-good-news for Young Jeezy (real name Jay Wayne Jenkins). The 34-year-old rapper is being sued by his former business manager, Demetrius “Kinky B” Ellerbee, for $5 million.
Kinky B Demetrius (I feel weird calling a grown man ‘Kinky’) co-founded Corporate Thugz Entertainment (CTE) and allegs that Jeezy failed to share the profits the label has generated. According to Soul Culture:
Jeezy and Ellerbee started CTE after their initial business venture, another label called Young Gunz Entertainment, failed to be successful. After toiling on the mixtape circuit with CTE, the label signed a production deal with Def Jam around early 2005 under which all four of Jeezy’s solo albums were released. Ellerbee is listed as executive producer on the four albums. As Jeezy’s relationship with Def Jam grew, according to Ellerbee’s attorney Mario Breedlove, Ellerbee became less influential in the company’s dealings despite still considering himself an equal partner. Ellerbee says he was integral in both forming CTE and landing the deal, and should be fairly compensated for his role.
Demetrius has filed a lawsuit in Fulton County Superior Court, claiming that he is owed at least $5 million. He also says that the figure will rise much higher after royalties and advances are figured. He is also seeking interest, punitive damages and legal costs.