Lil Wayne still on cash money records

Contrary to media reports, Lil Wayne has not dropped his $51 million lawsuit against Cash Money Records. Lil Wayne's lawyer, Ron Sweeney, tells Rolling Stone that while the original suit was filed in New York, where both Cash Money and Universal Music Group have offices, the two sides have worked out a deal to re-file the suit in New Orleans, Louisiana, where Wayne originally signed his Cash Money contract in 1998.

"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.