Lil Wayne settles lawsuit with Birdman's Cash Money Records, walks away with 'well over $10 million'
Lil Wayne's album 'Tha Carter V' will soon be out now that the warring sides have reached an agreement
While the exact sum is still unclear, it has emerged that Lil Wayne might have bagged a huge win in a lawsuit against Birdman and his Cash Money Records. The reported amount, following the legal settlement between the two parties, is said to be an eight-figure sum, possibly $10 million, although there have been conflicting updates.
Soon after news surfaced about the 'Sucker For Pain' singer agreeing on a settlement amount, media maven Karen Civil took to Twitter dismissing the alleged $10 million settlement.
"Lil Wayne Settlement Update: A portion of the information released today is true, a settlement has been reached, but the dollar amount being disclosed is false! Lil Wayne’s PR team will send out a statement shortly with accurate updates," she explained.
The court debacle between the singer and the record producer has been a long-standing one, which in turn has even impacted the release of "Tha Carter V". Most recently, though, their legal battle came to a conclusion with reports suggesting that all sides are ready to dismiss the lawsuit, as reflected in the court documents filed by the singer's attorney, Howard King, the Blast claimed.
In addition, the website also assured that Wayne's album "Tha Carter V" will soon be out now that the warring sides have reached a legal solution to their differences. While, a final word from the rapper's PR remains pending, it sure seems to be a big win for the 'Mirror' hitmaker.
It was in 2015 when the strains between Lil Wayne and the record label had first come to attention. At the time, the singer had filed a lawsuit of $51 million, accusing the label of violating their contract's terms and delaying his now infamous album for years.
While the two, briefly, appeared to have ironed out the creases - especially with Birdman posting a picture with Wayne on social media - reports seem to indicate otherwise.
In the meantime, music lovers can take solace in the fact that Wayne's Carter V might soon be seeing the daylight.
Dishing about his album, the singer had said in the past, "I know y'all want me around for a little bit, and Carter V is my last album. Man, I've been rappin' since I was 8 years old. I'm 30 now, man. That's a long time, man."
Interestingly enough, even Birdman had shared a positive update, telling fans, "Without a doubt you will get [the album] this year. It's gonna be well worth the wait. [Wayne] is the best ever to me. A lot of success coming from under his umbrella."