Lil Wayne Settles Lawsuits Against Label, Can Finally Release Long-Awaited Album ‘Tha Carter V’

Lil Wayne’s legal battle against his record label is over, with court documents obtained by The Blast indicating the rapper is $10 million wealthier after settling his lawsuits against Cash Money Records and the label’s co-founder, fellow rapper Birdman.

Lil Wayne’s battle with Birdman and Cash Money) has been going on since 2015, when the “Lollipop” rapper launched a $51-million lawsuit, claiming the label had violated his contract and delayed his long-awaited album, “Tha Carter V”.

RELATED: Lil Wayne Halts Festival Set, Warns Crowd That His Crew Have ‘Got Pistols’ After Gig-Goer Throws Bottle On Stage

In his original lawsuit, Weezy alleged that he was owed big bucks by the label, including an $8-million advance for “Tha Carter V,” plus an additional $2 million once the album was finished. He also alleged he was owed money for artists he discovered and mentored, including Drake, Nicki Minaj and Tyga.

According to The Blast, sources claim Cash Money didn’t pay a dime, with Universal Music Group writing a cheque to settle the suit; a source claims that the settlement awarded to Lil Wayne is “well over $10 million.”

RELATED: Lil Wayne And Drake Turn Up The Heat For Remix Of JAY-Z’s ‘Family Feud’

With the lawsuit now settled, Universal is free to release “Tha Carter V”, and there’s speculation it may be dropping any time now.

Social media strategist Karen Civil (who ran the website that published Lil Wayne’s letters during his incarceration in Riker’s Island) issued a tweet confirming that a settlement has been reached “but the dollar amount being disclosed is false!” Civil adds: “Lil Wayne’s PR team will send out a statement shortly with accurate updates.”

Click to View Gallery

10 Notable & Nasty Rap Beefs

Related

Comments

Powered by WordPress.com VIP