UPDATE 1/6/2017: A rep for Rostrum Record told Complex in a statement Friday that "all disputes" between the two parties had now been resolved:
See original story below.
Rostrum Records is firing back at Wiz Khalifa. Earlier this month, the 28-year-old rapper filed a $1 million lawsuit against the company in an effort to terminate a 360 deal. On Wednesday, Rostrum and its president Benjy Grinberg filed a counter-lawsuit that claims Wiz did not comply with the initial agreement and still owes the label millions of dollars.
According to the lawsuit, a 2005 contract entitles Rostrum to 15 percent of all music and touring royalties received by Wiz, as well as 20 percent of profits from merchandise. Grinberg and his label insist that Wiz is trying to avoid payment by filing a "factually baseless and legally meritless" lawsuit.
Grinberg said in a statement:
Rostrum and Grinberg are seeking more than $2 million in the lawsuit.
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