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Wiz Khalifa Sues His Former Manager

06/02/2016
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Wiz Khalifa

(Radio.com) Wiz Khalifa is suing his former manager Benjy Grinberg and his Rostrum Records over a "360 deal" that the rap star signed in 2004 when he was 16-years-old.

A 360 deal is generally understood as a recording contract that provides management and the label a percentage of profits from merchandise, touring and other aspects of an artist's revenue stream.

Khalifa seeks $1 million in compensation as well as punitive damages and attorney fees, reported Variety. Khalifa's lawyers say he was "induced" to sign the deal against his self-interests, potentially costing him earnings over the years. He and Grinberg parted ways in 2014 after a decade of partnership. Read more here.

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Copyright Radio.com/CBS Local - Excerpted here with permission.

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