Thursday, July 16, 2020

Migos Suing Lawyers for Bilking Them Out of Millions


Atlanta rap group Migos filed a lawsuit against their lawyers accusing them excessive fees and conflicts of interest...


From The Hollywood Reporter
The hip-hop trio says it was "cheated out of millions of dollars" through excessive commissions and bad deals.
Migos are suing their longtime talent lawyer for allegedly taking "excessive fees" without a proper written agreement and failing to disclose conflicts of interest arising from his representation of their label.
The band is suing for professional malpractice, breach of fiduciary duty, violation of California Business & Professions Code 6147 and 6148 (which require contingency fee agreements to be made in writing), unfair competition and unjust enrichment. They're seeking a declaration that the 5 percent contingent fee agreement is invalid as well as restitution and punitive damages.

9 comments:

The King Of The Real said...

Good for them. These guys should do yearly audits with a outside agency and then have teams give them analysis and advice. This the problem with artists.

Anonymous said...

The culprit(s) are whoever made the referral. ^^Agreed but the 1st thing these boys do is go to the jew-ler. When they should've gotten multiple referrals & selected different lawyers for music, soonsorships, business ventures, etc. Them crooked lawyers & accountants need to be kept separate that way you have them policing each other. Pee sounds annoyed so my guess is him & Coach K thought they waz smarter. Besides i knew Pee was a crook when he posted that video of all that cash in a safe deposit box...Everybody knows what them safe deposit boxes are about hiding money. Hooefully he.moved it bc now here comes the auditors and possible feds...

R in NYC said...

When are these artists going to learn? Too busy out here flossin to keep their eyes on the books.This pandemic has all of them feeling the pinch.

Shananigans said...

They werent the smartest boys but when they got with Quality Control thats when they started to get money smart. CardiB also has a good business mind and she got that husband together so they can build generational wealth. SHe may put out like she aint smart but she aint all silicone and weave.

Anonymous said...

^^^ Cardi is a survivor. She has common sense & street smarts BUT i raised a brow when she signed with QC. I didnt think it was a good idea for her & hubby to have all their eggs in 1 basket. Plus I thought & still think, hubby may have brokered a few poimts off wifey joining the label?!

This what happens when you don't know or value history. Oh well & good luck migos

NiyabinghiWerewolfObeahWoman said...

The one in front who's married to Cardi B or whatever the hell her name is, use's powerful magic so he better get her peeps to use that good ole Palo magic and get their money. The end.

Anonymous said...

Oprah, also was said to celebrity's, sign your own checks. How come the ppl on Snitch, know how to handle this situation better than the artist...being cheated?

Anonymous said...

Offset purchased a 20k purse for his 2yr old daughter for her birthday. Thats how you invest your money. NOT

Migos is suing their talent attorney for theft and you buying a child a Birkin.

Anonymous said...

^^right, suing for money that he just gonna give right back to the YT's by buying their dumb sh!t.

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