UPDATE 4/7/15 1:11 p.m.: Wayne's lawyer, Ron Sweeney, elaborated on the situation to Rolling Stone: "We gave them until [Monday], April 6th to file an answer. [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."
In addition, Wayne's legal team offered RS the following statement: ""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."
Update 4/7/15 11:00a.m.: According to Karen Civil, the suit has been dropped so that it can be moved to New Orleans.
Lil Wayne lawsuit has NOT been dropped just moved to New Orleans.
— Karεn Ciѵil (@KarenCivil) April 7, 2015
Lil Wayne's made no bones about how he feels regarding Cash Money lately, but looks like he's dropping a significant part of his grudge against the label: The Jasmine Brand reports that Wayne's dropped his $51 million lawsuit against Cash Money. The alleged documents note that the suit's being dropped "without prejudice," meaning he could re-file the suit at some point, so who knows whether this story's over or not. Stay tuned!
Lead image: Kevin Winter/Getty Images
