By Damilola Faustino
This week, Klenord Raphel, aka Shaft, Cardi B’s former manager sued the Bodak Yellow singer for $10 million, claiming that he was fired by the rapper despite being instrumental in her success.
Cardi B has now responded to her former manager’s lawsuit, through her lawyers.
An attorney representing Cardi responded saying “Shaft’s claim raises a huge question.”
Paul LiCalsi, a partner at Robins Kaplan LLP said, “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-dealing.”
LiCalsi suggests that Shaft signed on as Cardi B’s manager for a 20 percent commission, then signed her up through a different company in 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.”
He queried, “How does that comport with his fiduciary duty as her manager?”
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