Memphis rapper Moneybagg Yo faces $100M lawsuit from ex-manager, claims she helped build rapper’s brand

 

MEMPHIS, Tenn. (WMC) - A former personal and business manager for Memphis rapper Demario DeWayne White Jr. — Moneybagg Yo — is suing the artist, along with his label and management company. She claims she helped build his brand from the ground up, using her own money, credit, and business experience.

The lawsuit was originally filed in 2019 by former manager Sherry Jackson-Floyd, and the complaint was later amended in 2022. 

Timeline of key dates alleged in the complaint

• Late 2015–early 2016: Jackson-Floyd says she met White while working at Bank of America and began advising him on finances.
• Mar 2016: Arrest at album release party in Mason, TN
• Nov. 2016: After a concert shooting in West Point, Mississippi, she alleges the two agreed she would serve as his personal and business manager.
• 2017: She claims she handled finances, logistics, and brand-building as the artist’s career grew.
• Aug. 20, 2017: The complaint alleges a shooting involving a touring van she says she financed.
• Oct. 2017: A Little Rock concert is cited in the complaint as being canceled amid safety concerns; she says she helped with image-rebuilding efforts.
• Late 2017: She alleges she put $125,000 down and used her credit to finance a Rolls-Royce used to promote the “Moneybagg Yo” brand.
• Nov. 2018: The complaint cites a merchandising agreement naming her as business manager.
• July 15–17, 2019: She alleges ROC Nation contacted her for documents, and she emailed the company seeking buy-out negotiations.
• Sept. 20, 2019: Lawsuit is filed in Shelby County Circuit Court.
• Sept. 16, 2022: The second amended complaint is filed. 
• In the amended complaint, Jackson-Floyd alleges she began working as Moneybagg Yo’s manager in 2016 under “handshake agreements” that promised her a share of his earnings, along with a salary and perks through his company, Bread Gang Enterprises.

  She also claims his management company, ROC Nation, later took over management without honoring her alleged financial stake. She’s seeking damages, as well as an accounting of the artist’s revenues. The complaint says Bread Gang Enterprises promised Jackson-Floyd $5,000 per week, plus a G-Wagon. She also alleges Moneybagg Yo promised her one-third of his revenue, plus reimbursements and additional compensation.

  Jackson-Floyd claims the rapper benefited from her money and that it was unfair for her not to be paid. She also alleges that ROC Nation improperly interfered with her business relationship and expected profits.

  She’s asking for a jury trial and at least $100 million in compensatory damages, plus punitive damages from ROC Nation. She also wants a constructive trust granting her one-third of revenues dating back to Jan. 1, 2017, and a full accounting of Moneybagg Yo’s earnings since then.