Wiz Khalifa filed a lawsuit against his former manager, Benjy Grinberg, as well as the manager's record label in Los Angeles Superior Court.
The rapper wants out of his 360 deal with Benjy and Rostrum Records because he feels like they have been self-dealing in order to profit at his expense. Wiz insists that the two mentioned parties acted as “faithless fiduciaries in direct contravention of their obligations to him.”
Wiz's lawyer, Alex Weingarten, commented, “An artist’s most trusted advisor is his or her personal manager. Generally, nothing good comes out when the manager decides to go into business against his artist. Unfortunately, that is the case here.”
The recording artist's suit claims that Benjy and Rostrum Records signed him in 2004, when he was only 16 years old. Wiz added that they “induced” him to agree to a “360 agreement.” This deal made him enter a series of transactions that Benjy and his label profited hugely from, and at Wiz's expense.
The legal documents also say that Benjy didn't offer Wiz any different arrangements that he could benefit from in the future. Instead, Benjy trapped him into this deal that “reached for more than a decade into virtually every aspect" of his career.
In 2014, the rapper broke off the 360 agreement under the California Labor Code’s seven-year rule.
The artist's former manager later commented that he was “very disappointed and surprised by today’s news. To witness an artist turn on you after supporting them for a number of years is very disheartening. This is an egregious lawsuit filled with inaccuracies, yet unfortunately people sometimes resort to these practices as a way of conducting business.”
Wiz wants over $1 million in damages, punitive damages and attorney costs.
Photo: Getty Images