Wiz Khalifa and Former Manager Benjy Grinberg Settle Lawsuits

Wiz Khalifa performs at Concord Pavilion
Tim Mosenfelder/Getty Images

Wiz Khalifa performs at Concord Pavilion on Aug. 28, 2016 in Concord, Calif.

Wiz Khalifa and Rostrum Records founder Benjy Grinberg, the rapper's former manager, have resolved their lawsuits against each. According to a statement provided to Billboard, "all disputes" have been resolved following a joint settlement agreement.

"This agreement includes the dismissal of lawsuits that each party had previously filed against each other earlier this year," the statement reads. "Both parties are pleased with the outcome and look forward to putting this matter behind them."

Financial details of the joint settlement were not disclosed.

On May 31 of last year, the Pittsburgh artist filed a $1 million lawsuit against Grinberg and Rostrum, alleging that the parties had profited from "virtually every aspect" of his professional life through a 360 deal signed in 2005 when he was a teenager. Khalifa's suit alleged that Grinberg and Rostrum entered into deals with Warner Bros. Records and Atlantic Records for his recordings.

Grinberg and Rostrum followed with their own lawsuit a month later, seeking "millions of dollars in unpaid" royalties and earnings from touring and merchandising. Grinberg said his former client's allegations were the "complete opposite of our actions and the antithesis of what Rostrum Records and I stand for."