GANXSTA NIP'S CASE GOES TO THE JURY IN FEDERAL COURT!!!!

THE PSYCHO VS. THE DISTRIBUTOR!!!!!!

UPDATE @ 5:20 PM THURSDAY: THE JURY SIDED WITH GANZSTA NIP BUT AWARDED HIM ONLY $253.00 - FROM REST IN PEACE RECORDS - SELECT-O-HITS THE DISTRIBUTOR WAS NOT FOUND LIABLE AND CLEARED IN THE CASE - THE JURY DECIDED NIP HAD ALREADY RECEIVED ADVANCES FROM R-I-P. HE WAS SEEKING $7 MILLION DOLLARS.

8 Jurors will soon decided if Houston rapper Ganxsta Nip was defrauded by a California based record company and a Tennessee distribution house. Closing arguments were held Thursday morning in the 3 day old federal trial in Judge David Hittner's courtroom. Nip claims he was never paid his royalties by Rest In Peace records and Memphis based distributor Select-O-Hits. Select-O is owned by John Phillips. The nephew of Sun Records founder Sam Phillips. Nip's attorney Tiffany Mooney told jurors in closing R-I-P records and Select-O-Hits conspired and defrauded her client out of possibly millions of dollars in profits and or royalties. Mooney said the two companies never had any plans to pay Nip for his 2003 album Return of The Psycho except for a $5,000 advance payment. But Select-O-Hits attorney Andrew McCormick fired back. He said while he understands Nip's frustration as a result of his past dealings in the music industry the Houston based attorney says the rapper deserves no money because only 1700 albums were sold according to Soundscan. McCormick also stressed to the jury there was no wrongdoing by his client. Mooney maintains at least 50,000 albums were printed up by R-I-P and were likely sold while not giving Ganxsta Nip a dime. Nip's contract states he's to be paid at least one dollar per album sold. No word how long the jury will deliberate.