Lil Wayne’s long-standing legal battle against Birdman and Cash Money Records maybe finally over — and we stress maybe part. According to a report by The Blast, Weezy’s attorney Howard King filed a motion with the court on Wednesday (June 6) to dismiss the lawsuit. The alleged complaint in question is Wayne’s $51 million lawsuit he filed in 2014 against Birdman and Cash Money over royalties owed during his time on the label. Since filing the lawsuit, Wayne has blasted both Birdman and the label during his concerts. However, recently, the two appeared to have patched things up. Back in March, they hugged it out in Miami, and Wayne was spotted at Birdman's Before Anything album release party. Insiders have reportedly told The Blast that Universal cut a sizable check to settle the lawsuit, which was “well over $10 million.” While the amount hasn't been disclosed, Karen Civil confirmed on Twitter that a settlement has been reached. As part of the alleged settlement, Lil Wayne is no longer an artist on Cash Money Records, and the oft-delayed Tha Carter V album will now be distributed through Universal Music Group. Attorneys for Lil Wayne, Birdman, and Cash Money Records have not publically addressed the settlement. So for right now, it's still up in the air until we get an official confirmation from Wayne and Baby's camp. Ironically, this Sunday (June 10), Wayne will celebrate the 10-year anniversary of his classic album, Tha Carter III. The rap vet is also among the headliners for Hot 97's Summer Jam concert at MetLife Stadium in East Rutherford, N.J., on Sunday as well.<doc-sep>HipHopWired Featured Video CLOSE The ongoing legal saga between Lil Wayne and Birdman has come to an end, this after the pair reached an eight-figure settlement. Adding to the good news, it appears that Wayne will finally have the freedom to release his long-awaited Tha Carter V album, but will do so outside of the Cash Money Records wheelhouse. The Blast reports: According to court documents obtained by The Blast, Wayne’s attorney, Howard King, filed a notice with the court on May 23 that all sides are ready to dismiss the lawsuit. Our sources say Universal wrote a big check to settle the suit and none of the money came from Birdman. As for the amount, we’re told it is “well over $10 million.” We are told that Universal was comfortable with the massive payment because they believe they will recoup the profits from Drake and Nicki Minaj going forward — a major part of what Wayne was suing over. As part of the arrangement, Lil Wayne is now officially done with Cash Money and the infamous “Tha Carter V” album will now be put out by Universal. The outlet adds that the settlement was for over $10 million, far less than the $51 million Lil Wayne was initially seeking. — Photo: Getty<doc-sep>UPDATE: Lil Wayne's attorney Ron Sweeney of Sweeney, Johnson & Sweeney LLC has confirmed the rapper reached a settlement with Cash Money Records, issuing the following statement: "Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties. In terms of the particulars, we’re prohibited legally from saying anything further. I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself. At some point, Wayne will let his fans know what’s going to happen next." Lil Wayne has reportedly scored a big win in his ongoing legal battle with Cash Money Records on Wednesday (June 6), which means his long-delayed album Tha Carter V could arrive sooner than we think. Court documents filed by Wayne's attorney Howard King (obtained by The Blast) claim that all sides in the lawsuit were willing to move forward and dismiss the suit. Sources also claim that Wayne walked away with a settlement of "well over $10 million."<doc-sep>
Lil Wayne has reportedly won in court against Birdman and Cash Money Records, The Blast reports. Last night, court documents were obtained showing that Wayne’s attorney filed a notice on May 23 claiming “all sides” were down for dismissing the suit. Universal then cut a settlement check to Wayne for “well over $10 million.” The documents also allege that Wayne is now officially off of Cash Money and that Tha Carter V will be released through Universal. HYPEBEAST has reached out to Cash Money reps for comment. Lil Wayne’s attorney Ron Sweeney of Sweeney, Johnson & Sweeney LLC, However, has confirmed with Billboard the rapper has reached a settlement with Cash Money Records. “Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties,” Sweeney said in a statement. “In terms of the particulars, we’re prohibited legally from saying anything further. I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself. At some point, Wayne will let his fans know what’s going to happen next.” Tha Carter V was supposed to release years ago as Wayne’s final album and has been in headlines since 2012. “I know y’all want me around for a little bit, and Carter V is my last album,” Weezy told Sway during I Am Not a Human Being II promo. “Man, I’ve been rappin’ since I was 8 years old. I’m 30 now, man. That’s a long time, man.” The legal battle between Wayne and Birdman dates back to December 2014 when Wayne took to Twitter to share his displeasures with Cash Money and Baby. They were last seen together in March, hugging it out at Club LIV in Miami.