Moneybagg Yo faces a $100M lawsuit from his ex-manager, who claims she built his career but was cut out of profits. Roc Nation also named in the suit.
- June 24, 2026
AceShowbiz - Moneybagg Yo is currently embroiled in a $100 million lawsuit filed by his former manager, Sherry Jackson-Floyd, who alleges she was pivotal in building his career but was ultimately excluded from the financial benefits.
Jackson-Floyd claims she helped transform Moneybagg Yo from a struggling artist earning roughly $1,500 to $2,500 per show into a multimillion-dollar brand. Despite her extensive efforts, she insists she was never compensated for the work she performed on his behalf.
The legal complaint lists Moneybagg Yo, his label Bread Gang Enterprises, and Roc Nation as defendants. According to Jackson-Floyd’s attorney, Ralph Gibson, the lawsuit centers on breach of contract and commercial interference claims.
Jackson-Floyd alleges that Roc Nation knowingly signed Moneybagg Yo even though she had an existing management contract with him, disregarding her rightful financial interest in his career.
The relationship between Jackson-Floyd and Moneybagg Yo began in 2015, when he was barely making a profit from live performances. She assumed multiple roles, acting as both his personal and business manager. Her responsibilities included registering trademarks, establishing his LLC in Tennessee, and overseeing daily operations.
The lawsuit details an investment of between $1.5 million and $2 million by Jackson-Floyd to develop the "Moneybagg Yo" brand. This included purchasing a $125,000 Rolls-Royce and paying off his credit card debts. She also financed $50,000 in jewelry, social media promotions, and even supported several of his children financially.
By 2017, Moneybagg Yo reportedly earned around $3 million in his best year to date. Gibson emphasized that these achievements could not have been possible without Jackson-Floyd’s work and investment.
Evidence submitted in court includes text messages where Moneybagg Yo promised her $5,000 per week, a $150,000 Mercedes G-Wagon, and one-third ownership of all past and future brand revenue. However, she alleges she never received any of these promised payments or assets.
The lawsuit also claims that nonpayment on accounts linked to Jackson-Floyd’s credit cards damaged her credit score and cost her employment at a bank, compounding her financial losses.
Attorney Gibson criticized Roc Nation for not adhering to industry norms, stating that it is customary for major management companies to buy out local managers’ stakes when signing an artist. He insists Roc Nation failed to do so in this case, intentionally interfering with Jackson-Floyd’s business interests.
Requests for comment from Roc Nation have not been responded to, according to local news outlet WREG.
The case is slated for trial in Shelby County this October. Disputes over management contracts and rights have long been a contentious issue in the music industry, with this lawsuit adding to the ongoing conversation.
Jackson-Floyd and her legal team are seeking $100 million in damages for breach of contract and intentional interference, hoping to receive compensation for the substantial role she asserts she played in building the Moneybagg Yo brand.
This article is based on reporting originally published by AllHipHop.
