(from The Jasmine Brand)
Even with Lil Wayne saying "F**k Cash Money" recently, the "Believe Me" rapper may have just given up his legal fight against the label, as The Jasmine Brand is reporting that Weezy just dropped his $51 million lawsuit against Baby and Cash Money. The rapper filed the lawsuit back in January, soon after he aired out Birdman and Cash Money online for not releasing his album, Tha Carter 5.
The lawsuit claimed Cash Money breached their contract by not paying him what they owed, and also sought damages from them for refusing to drop the album. Wayne also claims he's the rightful owner of all copyrights related to Drake, Nicki Minaj and certain other YMCMB artists.
According to The Jasmine Brand, sources close to Wayne said he would be willing to drop the suit if he was paid the $8 million advance he was owed when recording the album that has yet to see the light of day. He also claims he was owed an additional $2 million upon the album's completion. While there is no word if Birdman met these demands, or if Lil Wayne simply had a change of heart, yesterday (4/6) Weezy filed documents voluntarily dismissing the case "without prejudice," meaning he can re-file later if things aren't resolved. At this point, however, it looks like Wayne will handle things one-on-one and not in front of a judge.
See the newly filed paperwork here .
UPDATE
“The lawsuit has not been dropped,” said the lawyer. “The forum for the hearing of the claims is in the process of being transferred to courts in Louisiana.”
The Jasmine Brand had obtained documents stating that Wayne dropped the lawsuit “without prejudice” which means that it can be filed again at any time, which is what Weezy seems to be doing.
The lawsuit was originally filed in January after the YM captain claimed that he was not paid his $8 million advance he was promised after turning in his long awaited album, Tha Carter V.
Things still appear to be quite ugly regarding the feud between Wayne and Cash Money. During a recent club appearance, he threw major shade at his former label when he said “F–k Cash Money!” while promoting his upcoming Free Weezy Album.
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