As previously reported by Def Sounds, former G-Unit rapper Young Buck is attempting to move forward in his bankruptcy claim, as he had plans to auction off all his intellectual property, which includes his rights, trademark, publishing, and entire music catalog, but 50 Cent says not so fast.
According to the Wall Street Journal, 50 Cent is stepping in and blocking the auction of Bucks assets, because he claims that the items Buck hopes to sell that have not been disclosed.
In the filing to the courts, 50 Cent is asking to see what assets Buck intends to sell, claiming his former artist’s intellectual property belongs to G-Unit.
As stated in the filing by 50′s lawyers, which were filed last week:
“Thus, all compositions created by the debtor have already been irrevocably conveyed to Jackson (and Universal), and G-Unit retains irrevocable rights of ‘every kind and nature,’ including to rights to royalties, copyrights, to renew/extend copyrights and to causes of action.”
A hearing for the filing by 50’s lawyers is expected to take place next month in a Nashville, Tenn courtroom.