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Posted by Robert
Rap News Network
1/15/2004 8:57:21 AM
Tags and topics realted to this article include Rakim.
The guys who bragged about being "paid in full" now say they didn't receive one red cent. The legendary duo of Eric B. & Rakim filed a lawsuit earlier today (January 14) in New York against Russell Simmons, Lyor Cohen, Island Records, Def Jam Records, Universal Music Enterprises and others for a yet-to-be-determined amount of money, alleging they were never paid royalties from their classic 1987 LP, Paid in Full.
Eric B. & Rakim say they were misrepresented by former managers Simmons and Cohen and that Island has been illegally distributing the album. A special "platinum edition" version of Paid in Full was issued by Island's 4th & Broadway imprint in 1998, and Island released a two-disc "deluxe edition" featuring bonus remixes in 2003.
The lawsuit calls for the books to be opened and damages awarded based on accounting and sales of Paid in Full and the singles "Eric B. Is President" and "My Melody." Simmons and Cohen were unavailable for comment. Eric B. and Rakim's last album together was 1992's Don't Sweat the Technique.
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