Music Photos of the Year 2012
March 15: Lil Wayne performs at Austin Music Hall in Texas.

More money, more problems for Lil Wayne as he settles his second lawsuit in a little over a month.

According to reports from TMZ, producer David Kirkwood filed a $1.5 million lawsuit against Cash Money Records and Young Money Entertainment in 2011, claiming they owed him production royalities from 2008 "Tha Carter III" track, "Love Me or Hate Me."

Initially, Wayne dismissed the claims, refusing to shell out the amount asked; but after deliberations between both parties, Cash Money/Young Money settled out of court for an undisclosed amount.

While Wayne may be able to breathe easy, it isn't the first time Mr. Carter has had trouble with disgruntled producers.

Back in April, the rapper was hit with a $20 million lawsuit from producer Deezle, who sued for production royalties on a number of songs on "Tha Carter IIi," including Wayne's Hot 100 No. 1, "Lollipop." Lil Wayne dismissed those claims as well, but eventually settled out of court for a similarly undisclosed amount.