AceShowbiz - Sherry Jackson-Floyd is suing MoneyBagg Yo, his label Bread Gang Enterprises, and Roc Nation for $100 million, AllHipHop reports. She claims to have been instrumental in transforming the Memphis rapper from a modestly paid performer into a lucrative brand, yet she alleges she never received proper compensation for her contributions.

Wreg adds that Jackson-Floyd began managing MoneyBagg Yo informally around 2015 or 2016, when he earned roughly $1,500 to $2,500 per show. She handled many of his business affairs, including trademark registration and LLC formation, and invested between $1.5 million and $2 million to develop his career. Actionnews5 further confirms that her financial support included paying off credit cards linked to him, purchasing luxury items such as a Rolls-Royce and $50,000 worth of jewelry, funding social media promotions, and supporting several of his children. By 2017, his annual income had grown to about $3 million, an increase Jackson-Floyd attributes to her efforts.

Text messages submitted as evidence reveal Moneybagg Yo promised her weekly payments of $5,000, a Mercedes G-wagon, and a one-third stake in his brand’s revenue, but she never received these benefits, AllHipHop details. Her attorney also accuses Roc Nation of knowingly disregarding her existing management agreement when they signed the rapper, failing to honor her financial interests. Industry expert Ralph Gibson explained to AllHipHop that standard practice requires Roc Nation to compensate local managers under such circumstances, which the label allegedly did not do.

MoneyBagg Yo gained recognition with his 2016 mixtape "All Gas No Brakes" and has since become a prominent rapper. He earned multiple nominations in 2021 for awards including the iHeartRadio Music Award for Best New Hip-Hop Artist and the MTV Video Music Award for Best Hip-Hop Video with "Said Sum." His rise from a regional artist to national prominence underscores the stakes in this lawsuit.

This legal dispute highlights ongoing tensions between artists, their early managers, and major labels, especially regarding financial transparency and contractual obligations. The case, set for trial in Shelby County this October, could have significant implications for how emerging talent and their initial management teams are compensated when signed by larger entities.

This article is based on reporting originally published by AllHipHop.