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Jack Sutton Fine Jewelry in New Orleans is suing Lil’ Wayne for $146,000 he still owes on a $138,000 diamond ring and $32,000 gold-and-diamond necklace purchase:

The handmade platinum ring contains an 11.55 carat, princess-cut diamond surrounded by an additional five carats of invisible set princess diamonds. The 32-inch necklace is draped with ice — four rows deep, 105 carats total weight — in 18 karat white gold. Carter agreed to pay monthly installments, the suit says. Sutton received a $24,000 check on Oct. 12. The next $24,000 check was dated Jan. 18. Sutton deposited it, only to learn a stop payment had been issued. Sutton says he tried to reach Carter, sending e-mails to the artist’s financial advisor. No luck.

”Defendant has breached his oral and written agreement. He spent a lot of money with me. I thought we have a really good relationship. I don’t know what happened, unless it’s a misunderstanding.”

Weezy know he better cough up the dough…when will these cats learn that people will slap a lawsuit on your ass at the drop of a hat.  Hopefully he has a good financial advisor, and it’s not just the Birdman’s uncle or play cousin who’s good with numbers handling his money.

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