Yo Gotti
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Yo Gotti Reportedly Ordered To Pay $6.6 Million Over Failed Collaboration

A North Carolina judge ordered Yo Gotti to pay millions over a botched business deal. Gotti lost a $6.6 million default judgment Tuesday (May 28) after failing to appear in court to address allegations that he refused to sign off on the release of a song collaboration, despite pocketing $20,000 for the feature.

Michael Terry paid Gotti to work with his artist, Young Fletcher, in hopes of jump starting his career. The 38-year-old rapper, whose birth name is Mario Mims, reportedly refused to sign a side artist agreement which would have allowed Fletcher to release the song.

According to the Winston-Salem Journal, Judge Todd Burke approved $2.2 million in damages and tripled the judgment after concluding that Gotti participated in “unfair and deceptive trade practices.”

“Yo Gotti’s actions were willful and malicious and caused actual injury to the Plaintiffs,” Burke reportedly stated in the court decision.

Terry claims that he attempted to get in contact with Gotti and his team numerous times but to no avail. He also claimed Gotti tried to poach his artist. “At some point during this time period, Yo Gotti contacted Young Fletcher directly and privately offered him $150,000 to leave my label and join his instead,” Terry asserted in his affidavit. “Young Fletcher turned down the offer.”

Gotti is also accused of recording a new track with the same verse that he used for the song to “intentionally” make it seem as if Fletcher copied his music. Terry added that Gotti likely assumed that he could get over on the “small town” guys but was “sorely mistaken.”

Now that he won in court, Terry is prepared to do whatever it takes to get the money, including going after Gotti’s cars and Bel Air mansion. “He might want to pick up the phone.”

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Billionaire Robert F. Smith Will Also Cover Parents’ Loans In Morehouse College-Debt Plan

In May 2019, Morehouse College’s graduating class of 2019 not only received the gift of their degrees, but also a unique opportunity to enter society debt-free. During his commencement speech, billionaire and owner of private equity firm Vista Equity Partners, Robert F. Smith announced his pledge to cover each student’s loans, and now their parents will be able to get in on the life-changing gesture.

According to Bloomberg, Smith will pay off the federal loans taken by the students’ parents, adding to a $34 million tab. Private student loans gifted by the college, and federal and state loans will be covered under Smith’s plan.

Morehouse's president, David Thomas, said this action will hopefully inspire the recipients to follow in Smith's footsteps. “It is our hope that our graduates will use their newfound financial freedom to pursue their career goals, to lead and serve the community, and to remember the spirit of the gift given to them by paying it forward to support the education of future classes of Morehouse Men.” The HBCU aims for the plan of action to be completed by 2020.

For Smith, with a reported net worth of $6 billion, his vision through this program aims to inspire other colleges and universities to take a charge against this country's student debt crisis and “to receive gifts from alumni and other supporters that can offset the burden of student loans and give students the freedom to pursue their dreams, the capital to invest in the economic growth of their families and the time that they can give back meaningfully to strengthening their communities.”

According to Forbes, U.S. federal student loan debt has totaled over $1.5 trillion.

Wow! Billionaire Robert F. Smith surprises Morehouse graduates by announcing his family will eliminate the student debt of the entire class of 2019 with a grant. #PayItForward #HBCU pic.twitter.com/lbZmttSsB6

— Tomthunkit™ (@TomthunkitsMind) June 10, 2019

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DMX Reportedly Signs New Deal With Def Jam

DMX has signed a new deal with Def Jam Records, bringing him back to the label that distributed his early albums and classic singles. According to AllHip-Hop, X re-linked with the record label over the summer and is set to drop a Christmas album, DMX-Mas, either later this year, or in 2020.

X dropped his quadruple platinum debut album, It’s Dark And Hell is Hot, via Def Jam/Ruff Ryders Records in 1998. He went on to release four more album under the label including, his triple platinum sophomore LP, Flesh of My Flesh, Blood of My Blood, followed by ..And Then There Was X, the latter of which became his most successful studio album selling five million copies in the U.S. alone.

X, whose birth name is Earl Simmons, is one of hip-hop’s best-selling artist with just over 17 million records sold, but like many other recording artist, the beloved MC hit more than a few bumps over the years. The 48-year-old Yonkers native has endured money struggles and a very public battle with sobriety that played a part in his returns trips to jail. He was most recently released from custody this past January, after serving a year in prison for tax evasion.

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J. Cole Says He Won't Be Doing Anymore Guest Features

Don’t expect to hear a J. Cole guest verse on songs for other artists. Cole recently blessed tracks like Young Thug’s “The London” and 21 Savages “A Lot,” but the North Carolina born rhymer says that he’s done making guest appearances after the release of his biggest feature yet: Gang Starr’s “Family and Loyalty.”

Naturally, the “Middle Child” rhymer was honored and elated to be featured on the track, and working with DJ Premier might be the perfect way to bow out of the features game. “This is the last feature you’ll hear from me,” Cole tweeted Friday (Sept. 20). “Thank you to everybody I got to work with during this run.”

This a honor to be on this song. NEW Gang Starr 🤯🤯🤯🤯 💎💎💎💎

This is the last feature you’ll hear from me. Thank you to everybody I got to work with during this run. 🙏🏿@REALDJPREMIER This song a classic, thank you. RIP GURUhttps://t.co/MMBI5Z2Fcq

— J. Cole (@JColeNC) September 20, 2019

“Family and Loyalty,” marks the first new single from Gang Starr in 16 years, and reacquaints us with the lyrical genius of Guru, who died from cancer in 2010.

As for Cole, the Grammy-nominated rapper has a lot on his plate between his solo career and the Dreamville Records imprint. The label boasts a star-studded roster that includes Bas, Cozz, Omen, EarthGang, and the incomparable Ari Lennox. The collective released their third compilation album, Revenge of the Dreamers III, earlier this year.

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