Lil Wayne has lost a lawsuit to a private jet company which will put a big dent in his finances.
TMZ reports that the New Orleans rapper will have to pay $2 million to Signature Group, after failing to make good on a 3-year deal.
Signature accused Weezy of initially compensating them $55,000 a month, per their agreement, then suddenly stopping. They continued doing business with him until the bill hit $1 million. At which time they decided to take him to court.
Wayne denied ever signing an agreement with the company, but the court ruled against him.
The initial lawsuit was filed a year ago. Since that time late fees have been piling up. The bill has now soared to $1.8 million. The Young Money Records boss must pay that amount, plus $200,000 in lawyer fees.
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