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50 Cent seeks to halt Young Buck's asset liquidation until it is determined what can and cannot be sold.
50 Cent is laying claim to Young Buck's recordings and threatening to sell the assets in his bankruptcy.
According to WSJ, 50 Cent and G-Unit's attorneys indicate that a recent motion to sell Young Buck's intellectual property doesn't disclose the specific assets. Now, Fif is asking a bankruptcy judge to block the sale until it is determined what he can and cannot sell.
“The creditors are left with no choice but to file this opposition to ensure that the trustee is not seeking to adversely affect the creditors’ rights in assets that they own, or in which they have rights and interests,” wrote 50's attorneys in papers filed last week.
50 claims that his label owns 100 percent of Buck's recording rights and has the exclusive right "to distribute, reproduce, and authorize adaptations and all performances in whatever form." He also states that he owns the rights to everything from Buck's professional name to his likeness, and can administer and publish his songs.
The issue will go before a bankruptcy judge next month in Nashville, Tennessee.
Source: hiphopdx.com
50 Cent is laying claim to Young Buck's recordings and threatening to sell the assets in his bankruptcy.
According to WSJ, 50 Cent and G-Unit's attorneys indicate that a recent motion to sell Young Buck's intellectual property doesn't disclose the specific assets. Now, Fif is asking a bankruptcy judge to block the sale until it is determined what he can and cannot sell.
“The creditors are left with no choice but to file this opposition to ensure that the trustee is not seeking to adversely affect the creditors’ rights in assets that they own, or in which they have rights and interests,” wrote 50's attorneys in papers filed last week.
50 claims that his label owns 100 percent of Buck's recording rights and has the exclusive right "to distribute, reproduce, and authorize adaptations and all performances in whatever form." He also states that he owns the rights to everything from Buck's professional name to his likeness, and can administer and publish his songs.
The issue will go before a bankruptcy judge next month in Nashville, Tennessee.
Source: hiphopdx.com