Lil Durk faces a $12 million lawsuit from music fintech company Exceed Talent Capital over alleged "manifest fraud" related to a song-investment deal gone wrong.

Photo Credit: YoIsThatJordan / CC by 4.0

The lawsuit targets Lil Durk, former manager Andrew Bonsu, Only the Family label, and consulting firm TTPMG. At its core, the dispute involves a 2022 agreement regarding rights to a recording titled "Bedtime."

Key details of the case:

• Exceed agreed to pay $600,000 for perpetual rights to the song's recorded royalties
• The company paid $450,000 upfront by August 2022
• In May 2023, Sony Music's Alamo Records revealed Lil Durk was under an exclusive contract
• This meant neither the defendants nor Empire had rights to reassign the song's revenue

The legal complaint alleges:

• Defendants made false representations about their authority to transfer rights
• Exceed's attempts to recover the $450,000 payment were met with silence
• The contract included a $600,000 penalty clause for material breaches
• Additional damages are sought for reputational harm and SEC registration expenses

The total damages sought exceed $12 million, factoring in the initial payment, contractual penalties, and additional costs incurred by Exceed, including refunds to potential investors.

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