Cash Money settles EMI lawsuit | Music News

Last week, we reported that music giant EMI was suing Cash Money Records for failure to maintain payments agreed to in a 2009 settlement over royalties the label owed. Today, Rolling Stone reports that the two parties have reached an amicable settlement in the matter.

“Cash Money Records and EMI Music Publishing have amicably settled EMI’s recent lawsuit and their financial disputes on various record releases. The companies look forward to working together on future projects,” a joint statement reads. The suit involved songs appearing on Lil’ Wayne‘s Tha Carter III containing samples of songs from the EMI catalog, according to Rolling Stone.

This is the second time this week that Cash Money has smoothed out a legal issue. On March 23, producer Bangladesh announced that he and the label had “resolved the issues” they were having and agreed to a song deal. Bangladesh claimed to have not been compensated for producing Lil’ Wayne’s hit songs “A Milli” and “6 Foot, 7 Foot” and sued the rapper and the label in 2010.