American rapper Lil Durk, known as the "Voice of the Trenches", is facing a $600,000 lawsuit over claims he breached an exclusive recording contract.
New York-based Exceed Talent Capital filed a complaint against Durk, whose real name is Durk Banks, alleging he signed over rights to his song "Bedtime" as part of a partnership for an initial public offering (IPO).
However, Exceed says Durk "previously had assigned to a third party the exact same rights" granted in their agreement.
A portion of the lawsuit seen by ModernGhana News states "defendants' contractual representations and warranties, upon which Exceed expressly relied in entering into the Agreement and expending substantial resources in connection with the investment offering contemplated thereby, were abjectly false."
The October 2022 contract details Durk teaming with Exceed to grant fans owning a stake in "Bedtime" through shares and unlocking perks in a custom Grand Theft Auto roleplay server.
Durk is quoted as saying "I'm always looking for ways to expand and give back to my people. Exceed makes it possible for my fans to become part of my team and share in our success."
However, Exceed now alleges Durk was not entitled to the rights promised, constituting fraud and a breach of their $600,000 agreement.