Megan Thee Stallion submits new utility for 1501 Licensed Label
Megan Thee Stallion submitted a new application on Thursday Karl Crawford And 1501 certified records.
Megan’s lawsuit alleges that Carl pocketed all of the monies she made from her hits while receiving nothing in return, according to TMZ. The lawsuit also suggests that Crawford cannot handle the label’s finances.
Meg files another lawsuit against record label and label CEO alleging financial incompetence
She is suing her label for royalties and demanding release from her contract. According to reports, Megan’s immediate concern is the company’s alleged lack of funds.
The Hot Girl Coach claims 1501’s main account has less than $10,000. Meanwhile, the edited lawsuit claims that the main account received millions.
The rapper is convinced of that J Prince And Gee Robertson– both involved in running the label – are also pocketing the funds.
Their lawsuit seeks a court-appointed third party to manage 1501’s finances. Additionally, Megan claims that 1501’s finances will be more than depleted if/when she wins her pending lawsuit against the label.
The filing comes months after Meg won a small legal victory in the ongoing contract dispute with 1501
In December 2022, Megan won a legal victory in the ongoing contract dispute with her record label.
A Texas judge sided with the Houston rapper, denying the label’s request to rule that her 2021 project Something For Thee Hotties does not count as an official album under her record deal.
RELATED: Megan Thee Stallion Earns Minor Victory in Ongoing $1M Contract Battle With 1501 Certified Entertainment
The judge ultimately denied the motion for a pretrial verdict, allowing Megan’s $1 million lawsuit against the label to go to court. If she wins, she would have fulfilled her contract with 1501. This would grant her the long-awaited release from the label.
In September, the former professional baseball player and his label asked the court to forego a lawsuit and treat the project in question as a non-album, leaving Meg’s contract unfulfilled.
The label argued that the 45-minute compilation, released by 300 Entertainment and 1501, didn’t count because it contained previously used material. Additionally, 1501 said the project “did not follow the proper approval procedures for an official album release.” Released in October 2021, Something For The Hotties was promoted as a thank you gift to Megan’s fanbase.
Megan Thee Stallion has a small win in her ongoing legal battles with Carl Crawford and 1501 Certified Ent.📸 :(@gettyimages) pic.twitter.com/QwmTAP3cfX
— TheShadeRoom (@TheShadeRoom) December 29, 2022
Crawford apologizes to Megan Thee Stallion and says the situation between them is ‘unfortunate’
In February, Crawford publicly apologized to Megan Thee Stallion for the years of feud between the two.
Crawford — accompanied by Kai “Verse” Tyler, the all-new president of 1501 — apologized in a recent interview with TMZ.
He started by noting that he and the Pressurelicious rapper haven’t spoken since 2019. This year, drama originally erupted when Megan formed a connection with Roc Nation.
Crawford then acknowledged that their only communication was through their online spats – which he described as “unfortunate” as he “never wanted a situation” to play out online.