Akon’s former business partner Devyne Stephens reportedly has dragged him to court.
According to Complex, Stephens filed a lawsuit against the singer, accusing him of stiffing him out of $750,000 from a 2018 settlement agreement and $3 million in royalties.
Stephens, who has worked with stars like Destiny’s Child, Usher, Jay-Z, Toni Braxton, and TLC, claims he and Akon reached a pact four years ago in which he would receive $3.25 million over the span of four years. But Akon allegedly failed to pay the final installment of $750,000.
Complex adds: “This is the latest development in what has become a contentious relationship between Akon and Stephens, who accused his former business partner of spending “the better part of a decade” finding ways to avoid giving him the money that’s contractually owed to him.”
“Akon has spent the better part of a decade frustrating Stephens’ attempts to obtain large amounts of money which Akon unambiguously promised in contracts to pay Stephens,” court docs state.
Stephens also adds that Akon believes he shouldn’t be required to pay 20 percent because he’s now working for BMG Records. Stephens insisted that Akon intentionally breached his contract with Atlantic, and argued that BMG “by any objective metric, is a ‘major’ record label.”
The court claims Akon has taken the stance that he’s currently not on a “major” label, to which Stephens responded, “He is wrong.”
We can’t wait to see how this pans out.