Swizz Beatz and Timbaland sold the label 2021 to Triller 2021. The lawsuit claims that the company went into default after just two payments.
In their suit, the two claims that they first settled with Triller but Triller went back into default following just one payment.
A Triller representative said that the company has paid the pair the sum of $50 million, in cash and shares in the past,
"We are not convinced that they've met the requirements for that payment and that includes, however, they are not restricted to, the delivery of a certain number of Verzuz events in 2022.
Verzuz's Instagram has been dark since Aug. 3. Diddy appears to be putting Triller on alert and suggesting that he could create a variant of the idea with no company's involvement.
Styles P, who took part in the Verzuz battle between Lox and Dipset and has said he's going to boycott Triller in the event that the claims are true.