Video After The Jump
Young Thug already has 1 trial date secured for his RICO case in the state of Georgia, but now he'll have a whole other case to deal with months after his initial trial.
According to a report AllHipHop published on Monday, August 22, Young Thug is being sued for $6 million by live entertainment company AEG after they claim the rapper failed to honor an agreement they made in 2017. In the lawsuit, AEG states that they gave Thug, born Jeffrey Williams, a $5 million advance in exchange for the exclusive rights to his shows. Despite their agreement, the company claims Williams breached the contract not long after the ink dried.
The lawsuit alleges that the "Best Friend" rapper continued to book other shows outside of AEG & allegedly collected hundreds of thousands of dollars in performances fees. Since they believe Williams violated the terms of their agreement, AEG wants its $5 million advance back with interest. The rapper had also listed some of his intellectual property & publishing rights as collateral. Due to those terms, AEG also aim to take control of the Young Stoner Life brand, his trademark & others assets that will help the company recoup the advance they gave him.
AEG first filed their grievances with Thugger back in 2020, which is long before his issues in Georgia began. Both parties made an attempt to settle the case but couldn't agree on new terms. AEG was already set to take Young Thug to court on October 25, but those plans changed after he was arrested in May. AEG's lawyers have already been granted a one-year extension for the trial, which will now happen on October 24, 2023. The new AEG trial will occur 10 months after his scheduled RICO trial.
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Source: iHeart
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