LIL WAYNE DID NOT DROP HIS LAWSUIT AGAINST BIRDMAN
Despite the news reports from earlier today, Lil Wayne has NOT agreed to drop his $51 million lawsuit against Birdman and Cash Money Records. Lil Wayne’s lawyer, Ron Sweeney tells Rolling Stone that the original lawsuit was filed in New York, where Cash Money and Universal Music Group both have offices. There were claims that both parties [Lil Wayne and Birdman] agreed to re-file the suit in New Orleans, Louisiana, where Lil Wayne signed his Cash Money contract in 1998. However, Cash Money decided they would challenge the change in venue causing the initial agreement to be a waste of time and money to dispute on Lil Wayne’s behalf. Therefore Lil Wayne and [his label] Young Money would re-file in New Orleans, Louisiana.
Lil Wayne’s legal team, led by Ron Sweeney then made a couple of statements to clear up the confusion:
“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 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.”
Hopefully everything will be worked out in a timely manner, until then all we can do is wait patiently on Tha Carter V.