Megan Thee Stallion is worried her coin is said to be in danger after claiming the CEO of 1501 Certified spent it all!
Megan Thee Stallion Worries About Her Coins
MEGA
The “Plan B” rapper asked a judge to freeze 1501 Certified CEO Carl Crawford’s company expenses while they engage in litigation. He believes that he deliberately spends as much money as he can to “run out” at the time, if it comes to him paying up to Meg whose real name is Megan Pete.
In the motion filed Wednesday, Megan claims that there is less than $10,000 in the main account 1501. Meg claims that money was definitely deposited into the account but there is no indication of it.
Meg and her legal team allege that the missing money lined Crawford’s pockets, preventing the “Savage” rapper from getting what he was owed. Meg also claimed that two other people were paid along with Crawford; J. Prince and Gee Roberson who help run the label.
Megan Thee Stallion’s Legal Dispute Has Been Years
Instagram/CarlCrawford
Meg has been locked in litigation with her former record label for several years now. He demanded royalties and was released from his contract. These are just the latest developments in the case and the latest motions to be filed by Meg and her team.
The two haven’t spoken since 2019 and there’s clearly some bad blood because of the situation and Meg isn’t giving up. In his initial lawsuit, he shared that his label was essentially trying to hold him hostage with a contract that benefited them.
Instagram/Megan Thee Stallion
Meg hopes for her 2021 album Something for Thee Hotties possible for the partnership but the label quickly informed him that it did not meet the terms of his contract. He also claimed previously that the label stopped him from releasing new music once he talked about wanting to renegotiate his contract.
So far, there are four active lawsuits between Meg and her label including one covering the rapper’s contract. Meg admits she signed the contract at the time and didn’t fully understand what she was signing.
Megan Thee Stallion Non-Standard Contract
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Meg and her lawyer broke the contract in court and the rapper also took to social media to share his thoughts on the matter. “When I signed, I didn’t know what was in my contract. I think I’m, like, 20,” he said on IG Live.
In the contract, Meg is said to be paid 40% of the recorded profits, while 1501 receives the remaining 60%. This is not an industry standard where contracts should be 50/50. He became aware of the unclear contract after signing with Roc Nation and being advised by their team.
Instagram/theestallion
This led to negotiations with 1501 preventing him from releasing music.
As for Crawford, she made it clear months ago that she wasn’t trying to hold Meg down. “I never want to have a situation where I go back and forth [Megan Thee Stallion] in the internet.”
He knew the company rep was shady and he and the new label head were working to make it better. “I have to take responsibility for anything that happens here in 1501,” he promised.
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Source: thtrangdai.edu.vn/en/
