Rapper Lil Wayne’s record label is being sued by a company that owned the domain youngmoney.com but sold it to Lil Wayne in 2011 for $600K.
The problem is the sale came with stipulations. If Young Money didn’t make the payments in a timely fashion, Young Money would forfeit that name youngmoney.com and the domain name would be returned to the original owner.
Wayne’s company has apparently been blowing off the original owner which led to this lawsuit. It’s reported that Young Money has 250K balance and the seller want the name back pronto.