Memphis rapper Moneybagg Yo, his Bread Gang Enterprise label and Roc Nation face a $100 million lawsuit brought by former manager Sherry Jackson-Floyd, who alleges she was cut out of the business relationship after helping build the artist’s career.
The dispute is scheduled for trial in Shelby County, Tennessee, in October and centers on claims of breach of contract and tortious interference with contractual relations.
Jackson-Floyd alleges she began working with Moneybagg Yo, born Demario DeWayne White Jr., in 2015 when the rapper was still an emerging artist earning between $1,500 and $2,500 per performance. According to the complaint, she served as both personal and business manager, overseeing day-to-day operations, securing trademarks and organizing the formation of Bread Gang Enterprise as a Tennessee limited liability company.
The lawsuit contends that Jackson-Floyd received little or no compensation. Her legal team estimates she invested between $1.5 million and $2 million in the Moneybagg Yo brand. This includes marketing expenses, luxury purchases and business-related costs.
Attorney Ralph Gibson argues that Roc Nation knowingly interfered with an existing contractual relationship after they assumed management responsibilities for the rapper.
“It’s intentional interference with contract on the part of Roc Nation because they knew this contract existed,” Gibson said. “It’s a commercial contract case.”
Moneybagg Yo’s Former Manager, Sherry Jackson-Floyd, Files $100 Million Lawsuit Against Rapper & Roc Nation
The complaint further alleges that text messages and other communications show Moneybagg Yo promised Jackson-Floyd weekly payments. He promised $5,000 a week.
Outside money, he promised her a Mercedes-Benz G-Wagon valued at approximately $150,000. Yo promised a one-third ownership interest in past and future brand revenue. Jackson-Floyd claims she never received those benefits.
Gibson also maintains that Jackson-Floyd’s efforts helped drive the rapper’s commercial success during a breakout period in 2017. He reportedly generated approximately $3 million in earnings.
“Without her, he could not have gotten as big as he got,” Gibson said.
The lawsuit additionally alleges that unpaid vehicle and credit obligations tied to Jackson-Floyd damaged her credit. This also contributed to her losing her banking job.
Roc Nation has not publicly responded to the allegations. The claims have not been adjudicated, and the defendants have not been found liable.
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