Moneybagg Yo, his Bread Gang Enterprise label and Roc Nation are facing a $100 million lawsuit from the Memphis rapper’s former manager, Sherry Jackson-Floyd.
The case, which reportedly involves claims of breach of contract and intentional interference with contractual relations, is scheduled to go to trial in Shelby County, Tennessee, in October.
Jackson-Floyd alleges that she began working with Moneybagg Yo, whose real name is Demario DeWayne White Jr., in 2015, when he was still an emerging artist earning between $1,500 and $2,500 per performance.
According to the lawsuit, she served as his personal and business manager, handled daily operations, secured trademarks and helped establish Bread Gang Enterprise as a Tennessee limited liability company.
Former Manager Claims She Invested Millions in Moneybagg Yo’s Career
Jackson-Floyd claims she received little or no compensation despite investing between $1.5 million and $2 million into Moneybagg Yo’s career and brand.
The alleged expenses reportedly included marketing, business costs, luxury purchases and other investments made during the rapper’s early rise.
Her attorney, Ralph Gibson, argues that Jackson-Floyd’s work played a major role in Moneybagg Yo’s commercial breakthrough.
“Without her, he could not have gotten as big as he got,” Gibson said.
The lawsuit claims Moneybagg Yo later promised Jackson-Floyd weekly payments of $5,000, a Mercedes-Benz G-Wagon valued at approximately $150,000 and a one-third ownership stake in revenue generated by the brand.
Jackson-Floyd alleges that she never received those promised benefits.
Roc Nation Accused of Interfering With Management Agreement
The complaint also accuses Roc Nation of knowingly interfering with Jackson-Floyd’s alleged management agreement after the company assumed management responsibilities for Moneybagg Yo.
“It’s intentional interference with contract on the part of Roc Nation because they knew this contract existed,” Gibson said. “It’s a commercial contract case.”
Jackson-Floyd’s legal team maintains that communications, including text messages, support her claims about the alleged promises and business arrangement.
The lawsuit further alleges that unpaid vehicle expenses and credit obligations connected to the business damaged Jackson-Floyd’s credit and contributed to her losing her banking job.
Moneybagg Yo reportedly generated approximately $3 million during his breakout period in 2017, which Jackson-Floyd’s attorney argues was partly driven by her early investments and management work.
Roc Nation has not publicly responded to the allegations.