Moneybagg Yo Hit With $100M Lawsuit From Former Manager, Claims Roc Nation Knew About Contract & Stole Business Deal

Moneybagg Yo, his Memphis-based record label, and Roc Nation are facing a massive $100 million lawsuit from his former manager, who claims she helped build his career from the ground up before being pushed out of his business empire.

According to court documents, Sherry Jackson-Floyd alleges she played a key role in developing Moneybagg Yo — born Demario DeWayne White Jr. — long before he became a mainstream star. The case is scheduled to go to trial in Shelby County this October.

Floyd’s attorney, Ralph Gibson, claims Roc Nation intentionally interfered with an existing management agreement and knowingly moved forward despite being aware of Floyd’s contract with the rapper.
“It’s also intentional interference with contract on the part of Roc Nation, because they knew that this contract existed… and they nevertheless went forward with it,” Gibson said.

The lawsuit states that when Floyd first began working with Moneybagg Yo in 2015, he was an emerging artist making between $1,500 and $2,500 per show. Floyd claims she stepped in as both personal and business manager, handling branding, financial decisions, and business operations that helped elevate his career.

Her legal team says she also invested heavily into his success, including registering trademarks, forming Bread Gang Enterprises as an LLC, and contributing significant personal funds toward his career — including a reported $125,000 down payment on a Rolls-Royce, $50,000 in jewelry, and up to $2 million in overall brand support.

Attorneys allege that Floyd also handled personal expenses for the rapper, including credit card payments and promotional costs that helped boost his visibility online.

According to the suit, Moneybagg Yo’s most successful year came in 2017, when he reportedly earned around $3 million with Floyd’s assistance, despite setbacks including legal troubles and a deadly shooting at one of his concerts.

The lawsuit further claims Moneybagg Yo promised Floyd weekly payments of $5,000 and even agreed to purchase her a $150,000 Mercedes G-Wagon, along with giving her a one-third stake in his brand — promises she says were never fulfilled.

Floyd also claims Roc Nation was made aware of her role in managing Moneybagg Yo before signing him, but failed to recognize her contributions or negotiate a buyout once they became involved.

“What Roc Nation does is they have artists come to them… and they just didn’t do that in this case,” Gibson added.

The suit alleges that financial fallout from unpaid agreements ultimately damaged Floyd’s credit and employment, including missed payments tied to accounts under her name.

Moneybagg Yo and Roc Nation have not publicly responded to the lawsuit. The case remains ongoing as both sides prepare for trial.