HipHopWired Featured Video

UPDATE: Lil Wayne’s lawyer, Ron Sweeney, revealed to Rolling Stone that the lawsuit against Cash Money hasn’t been dropped indefinitely. Hit the jump for more info.

Well, here’s an interesting turn of events. Days after screaming “F*ck Cash Money” at a packed club, Lil Wayne appears to have squashed the beef with his label.

The Jasmine Brand reports that Wayne dropped the $51M lawsuit against the house that Birdman and Ronald “Slim” Williams built. Exactly what prompted the New Orleans rapper’s change of heart is unclear. But it’s important to note that the “without prejudice” clause in the dismissal/settlement means he can re-file the lawsuit at any time.

Wayne said that he’d stop hounding Cash Money for the aforementioned fee if he was paid the $10M owed for creating Tha Carter V–the in-limbo album that made the public privy to his beef with the label.

Perhaps Birdman and Slim tendered the cash Weezy sought. It’s also possible that the rap star’s deal has been restructured, again. But this is all hearsay, of course.

Wayne has been especially candid about his status with Cash Money in recent months. If that continues, the truth should come to the light sooner or later.

See the entire two-page dismissal document here. See a statement from Wayne’s legal representation below.

“We gave them until [Monday], April 6th to file an answer,” Sweeney says. “[Cash Money] said they were going to challenge the venue, so at that point, it was a waste of time and money, so we all agreed that we would dismiss the action [in New York] and Wayne and [his record label] Young Money would re-file in New Orleans.” “Lil Wayne and Young Money LLC have entered into a stipulation with Cash Money the effect of which is to transfer the claims raised in the action which had been commenced in the United States District Court for the Southern District of New York to the Federal and/or State Courts of Louisiana,” the rapper’s legal team added in a statement to Rolling Stone. “The claims previously asserted by Lil Wayne and Young Money LLC against Cash Money for substantial monies owed and breach of fiduciary duty have not been settled and will be prosecuted in Louisiana as expeditiously as possible,” added his team.

Photo: YouTube