Megan Thee Stallion says label owner Carl Crawford’s 1501 Certified Entertainment didn’t pay her and he’s keeping the company’s money to protect against potential legal action
- The 28-year-old Houston resident filed legal documents in her ongoing lawsuit with the label
- She said Crawford, 41, shorted the company’s funds to protect herself from any possible legal decisions she could win against him
- She said millions of dollars have been deposited into the label’s account, but the balance is less than $10,000
Megan Thee Stallion says the owner of the 1501 Certified Entertainment label she’s on, Carl Crawford, hasn’t paid her and is taking corporate funds pending a possible legal judgment she could win against him.
The 28-year-old Houston resident filed new legal documents alleging that the former MLB All-Star-turned-music magnate did not compensate her fairly. TMZ reported Thursday.
The artist, whose full name is Megan Jovon Ruth Pete, accused Crawford, 41, of mismanaging his company’s funds through a “fraudulent transfer of assets” in court documents.
She said Crawford “wasted millions of dollars in 1501’s primary bank account” and keeps most of the money the company generates for itself. Billboard reported, citing legal documents.
She said millions of dollars have been deposited into the label’s account — the number has been redacted in the legal documents — but the balance shows less than $10,000.
The latest: Megan Thee Stallion says the owner of the 1501 Certified Entertainment label she’s on, Carl Crawford, hasn’t paid her. Pictured earlier this month in Austin, Texas
In the legal documents, the Sweetest Pie artist said the only people paid by the label are executives Crawford, J. Prince and Gee Roberson.
Megan previously sued 1501 in 2020, saying the label blocked her from releasing new material after she tried to rework the terms of their agreement.
The Cry Baby singer said in legal filings she filed the latest motion in an effort to secure the company’s proceeds because she feels executives are deliberately shorting the account in anticipation of potential monetary penalties in their pending lawsuits.
“Based on 1501’s thin capitalization, it is very likely that 1501 will be judgment-resistant by the time Pete can make a final judgment on the merits of her claims,” the artist’s legal team told the court, according to Billboard.
Megan’s legal team requested that the judge in the case appoint a third party to oversee and distribute the music company’s finances “until this dispute is resolved.”
The singer’s lawyers said that as an alternative to that, a trustee could be appointed to “take possession of all 1501 bank accounts and all other bank accounts controlled or owned by Carl Crawford, including those into which the funds have been transferred from the bank account has been transferred to.’
Attorneys for 1501 issued a statement to Billboard saying that “the allegations are baseless” and that they are “confident that 1501 will prevail over these motions and eventually recover the substantial money Ms. Pete owes 1501.”
Crawford, a former MLB All-Star turned music magnate, was photographed in NYC last month
The musical artist, whose full name is Megan Jovon Ruth Pete, accused Crawford of mismanaging his company’s funds through a “fraudulent transfer of assets” in court documents