Lil Durk is facing a $12 million lawsuit from music fintech company Exceed Talent Capital over alleged "manifest fraud" related to a song-investment deal gone wrong in 2022.

The lawsuit targets Lil Durk, his former manager Andrew Bonsu, Only the Family group and label, and consulting firm TTPMG. The dispute centers on a song called "Bedtime" and involves a $600,000 agreement that would have given Exceed perpetual rights to the track's recorded royalties.

Key details of the case:

• Exceed paid $450,000 upfront by August 2022
• The agreement required Lil Durk to perform promotional activities
• In May 2023, Sony Music's Alamo Records revealed Lil Durk was under an exclusive recording agreement
• This meant neither the defendants nor Empire had rights to reassign revenue from "Bedtime"
• Exceed's attempts to recover the $450,000 payment were met with silence

The $12 million damages claim includes:

• The initial $450,000 payment
• A $600,000 contractual penalty
• Reputational damage
• SEC registration expenses
• Investor refund costs

Exceed Talent Capital, based in New York City with Israeli headquarters, has since withdrawn its current investment offerings and is reportedly developing new ventures.

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