Lil Wayne‘s attorney Ron Sweeney of Sweeney, Johnson & Sweeney LLC has confirmed the rapper has reached a settlement with Cash Money Records, shying away from details other than that his “client is happy” and now owns his rights again.
“Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties,” Sweeney said in a statement to Billboard. “In terms of the particulars, we’re prohibited legally from saying anything further. I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself. At some point, Wayne will let his fans know what’s going to happen next.”
Sweeney has been Lil Wayne’s lead lawyer for 13 years and hired Howard King to litigate Wayne’s case.
The confirmation follows reports of the settlement from earlier Thursday (June 7) when The Blast obtained court documents filed by King that claimed all sides in the lawsuit were willing to move forward and dismiss the suit. Sources told the site that Wayne walked away with a settlement upwards of $10 million, but that figure was disputed by media strategist Karen Civil.
While Wayne and Cash Money chief Birdman once enjoyed a familial relationship, the two have been at odds publicly over the past few years. In 2015, Wayne sued Cash Money for $51 million, claiming the record label violated his contract terms and withheld millions of dollars after repeatedly delaying his album Tha Carter V.
With this settlement, Tha Carter V may finally now be close to seeing release.
Additional reporting by Gail Mitchell.