Birdman was denied by a judge in his attempt to get back his Nicki Minaj and Lil Wayne records that have been locked up in a storage unit ever since the music mogul was hit with a $12 million foreclosure lawsuit.
On December 5, a judge denied the rapper's motion for return of personal property. The court heard arguments from both sides and sided against the Cash Money founder.
As The Blast first reported, Birdman had rushed to court pleading with the judge to help him get back the property that was in storage.
Birdman said the property includes old stereo engineering equipment, a pool table, over 70 pairs of shoes, one box of sweatpants, one box of baby pants and 14 sweaters.
Birdman said the lender suing him was refusing to allow for him to get his property, despite his belief they have no rights to the contents of his former home.
The music mogul was sued last year by EMG Transfer Agent. They accused him of borrowing $12 million and putting his Miami home up as collateral.
EMG accused him of defaulting on the loan and sued him for $12 million plus interest.
The judge granted their motion and appointed a receiver in the court to take possession of Birdman’s home. The appointed person took the home from Birdman and handled the property, including all repairs and upkeep.
Birdman originally agreed to sell the home but recently has decided to counter-sue EMG, accusing them of providing him with a sham loan and demanding their lawsuit be thrown out.
Birdman is suing EMG Transfer Agent demanding “the return of all money or property given as earnest money or down payment” and for the termination of the loan along with the return of all finance charges and unspecified damages.
The 9-bedroom, 17-bath mansion — which was once owned by producer Scott Storch — has 25-foot ceilings and features a below ground pool, outdoor pool with cabana, a movie theater, gym, spa, an in-house massage room, 100 feet of waterfront and a private dock.