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Posted: 5:37 a.m. Monday, July 7, 2014

Lil' Wayne Young Money Lawsuit 

Lil Wayne's YOUNG MONEY label is being sued! It's the label his huge artists like Drake and Minaj perform under.

There was already a website called which specializes in helping young entrepreneurs manage and make money and has been in existence for more than a decade.

It's not like Wayne didn't know abut the site, he actually bought it for $600,000 in 2011. BUT there were strings attached. . . he had to make payments for it each year or it'd go back to the seller.

Well Wayne hasn't paid the $250,000 balance and now the company is SUING!

The seller wants its domain name back.