Elliot Grainge’s 10K Projects is facing a lawsuit from Internet Money, led by Taz Taylor, alleging breach of fiduciary duties and breach of contract. The complaint claims 10K Projects withheld millions of dollars and violated profit-sharing agreements. Filed in a Los Angeles federal court on a Tuesday and reported by Variety, the suit outlines a pattern of contract violations and misconduct related to revenue sharing and financial transparency. Internet Money contends that 10K Projects failed to uphold its fiduciary responsibilities to artists and partners, potentially impacting earnings and accountability. The case underscores ongoing disputes in the music industry over governance, revenue splits, and disclosure practices, with the federal case expected to influence how such claims are evaluated. As the matter unfolds in U.S. federal court, press coverage continues to follow developments and potential implications for artists, labels, and management teams involved in profit-sharing arrangements.