A $100 million lawsuit against Moneybagg Yo and Roc Nation by a woman claiming to be his former manager is set for trial this fall.
The suit, now going to trial in October, was filed in 2019 by Sherry Jackson-Floyd, a Mississippi woman who says she met the rapper a decade ago while she was working at Bank of America, befriended him due to her financial expertise, and became both his personal and business manager, with a promise that she would end up with one-third of his earnings once he became successful.
In the complaint, viewed by Complex, Jackson-Floyd says that she worked tirelessly to rehabilitate the rapper’s image after incidents of violence involving the rapper and his entourage (including the Nov. 2016 incident where a woman was killed at one of his concerts), and spent her own money to help provide him with the “fancy cars, flashy jewelry, and other means of demonstrating a lifestyle filled with luxury” needed to paint a picture of him as a top artist. Among the expenses incurred, she says, were $125,000 for a down payment on a 2015 Rolls Royce Wraith that the rapper then used to further his brand.
In addition, she says that she provided the mothers of the rapper’s children with “nice furnished homes, late model vehicles, food and clothing, and other amenities to live an upscale lifestyle consistent with that expected of a hot, up-and-coming rap star.”
According to the complaint, Roc Nation got interested in Moneybagg Yo sometime in 2018 and ended up poaching him, without paying her for her interest in the rapper’s career, reimbursing her for the money she spent on his rise, or paying her the $5,000/week salary and the Mercedes G-Wagon she was promised as the president of his corporation. The salary and car promise is backed up by text messages attached as exhibits to the suit, one of which appears to show Moneybagg Yo saying, “Starting next week ima give u 5k a week to at least show u I'm not taking u for granted… really appreciate u sherry it b hard for me to show my feelings sum times... G wagon cumn soon lol.”
Jackson-Floyd is asking for $100 million in compensatory damages, as well as punitive damages and an accounting of all revenues received by the rapper since the beginning of 2017.
Jackson-Floyd’s attorney, Ralph T. Gibson, explained to Complex that, while he first filed the suit years ago, he believes it has made headlines in recent days because the trial date became finalized.
“We just now got the trial date, and it’s October of this year,” he said. “I think that’s why it was picked up by the local news. Or because Moneybagg Yo’s lead counsel [Robert Spence] recently withdrew from the case. Maybe that’s why they picked it up. Why it didn’t get picked up in 2019, I don’t know. We don’t seek out the news, for a lot of reasons.”
The trial date was actually set months ago (“either earlier this year or late last year”), he continued, but the order confirming it was only recently signed.
