Klenord "Shaft" Raphael is suing for breach of contract after the "Bodak Yellow" emcee signed a deal with Quality Control last month.
UPDATE: On Friday (April 27), Paul LiCalsi, partner at Robins Kaplan LLP and litigation counsel to Cardi B, issued the following statement: "After a full investigation of the facts, we will be responding to these allegations in detail in court. But even on its face, Shaft’s claim raises a huge question. For a hefty commission, a manager promises to carefully counsel and guide an artist in her or his career. In exchange, the law imposes a high fiduciary duty on the manager to always act in the artist’s best interest, not engage in conflicts of interest, not overreach, and not self-deal. The glaring question here is: how does Shaft justify signing on as Cardi B’s manager through WorldStar for a 20 percent commission, and then a year later sign her up through his other company for a deal that takes 50 percent of her music royalties from Atlantic Records, 50 percent of her music copyrights, and 25 percent of her other earnings? How does that comport with his fiduciary duty as her manager?”
Cardi B is the subject of a $10 million lawsuit brought Thursday (April 26) in U.S. district court by her former manager Klenord "Shaft" Raphael and his KSR Group and Worldstar Management companies, according to court documents reviewed by Billboard.