With the end of each year, millions tie up loose ends – personally, professionally, and all in-between.
And Cardi B is in that number and, because of it, she is set for a major payout.
Full story below…
For two years, the rapper has been locked in a contentious legal battle with her former manager Klenord ‘Shaft’ Raphael.
Claiming he discovered Cardi, Raphael filed a $10 million suit against the star in April 2018 for breach of contract.
He took issue with the Hip-Hop royal dissolving their agreement so as to sign with Quality Control (the managerial home of Migos). His suit also alleged that Cardi’s husband Offset threatened him in the process.
The ‘WAP’ rapper clapped-back with a $30 million countersuit of her own – which centrally argued that Raphael roped her into signing the original contract without a lawyer.
Per AllHipHop.com, the case was brought to a close on Christmas Eve (December 24). Documents obtained relayed:
“This action, including all claims and counterclaims, is hereby dismissed in its entirety with prejudice against all parties. The parties have further agreed that all parties to this action shall bear their own costs and attorney’s fees.”
The “with prejudice” part is especially notable because it means both sides agree to not head back to court for the matter in the future. In short, it’s a wrap. For good.
It’s perhaps most notable, though, because it means Cardi is now entitled to the music royalties that have been held up limbo during the course of the litigation.
Earlier this summer, she explained that side of the situation on social media:
According to my lawyers alittle but more then that but it can’t be touch till my litigation is over.Its just can’t be touch till we solve the despute.But when that fat ass check hit my account all at once it’s gonna be lit .Thats why I never trip cause it’s there. https://t.co/aHibuWDOT8
— iamcardib (@iamcardib) July 17, 2020
Though unconfirmed, word is that the drama had help up the release of her hotly anticipated sophomore album.
Now, with the melee out of the way, could CB2 finally be on the way?!
We sure hope so!