In March 2012, LALATE exclusively reported that Lil Wayne and or his label was the defendant in five ongoing music lawsuits. By March 2, two of those five cases were resolved.

Recently, Lil Wayne and his label made a motion to throw out this existing case concerning Tha Carter III. The plaintiff was set to reply to the motion. But yesterday, the parties confirmed that they had settled the case, LALATE can report.

The case of Kirkwood v. Young Money Entertainment, LLC et al was officially dismissed pursuant to settlement lodged on April 23. The court, “having been advised that all claims asserted herein have been settled, it is ORDERED, that the above-entitled action be and is hereby dismissed and discontinued without costs, and without prejudice to the right to reopen the action within thirty (30) days if the settlement is not consummated”.

David Kirkwood had sued Young Money Entertainment, Cash Money Records, and Dwayne Carter. Kirkwood claimed that he and YME entered into a written agreement dated October 2007 to provide producing services on one master recording entitled Love Me or Hate Me.

The song appeared on Tha Carter III with Kirkwood’s purported consent. But Kirkwood claimed that he did not give consent for the song to also appear on The Leak, another CMR album. Plaintiff claimed to be the copyright owner to the song.

Plaintiff claimed the song made $150,000 in download income, and that the album generated $70 million in revenues. But he claimed he was not allegedly paid pursuant to his Agreement for several years. He claimed “In a shocking, willful and intentional breach of the YME Producer Agreement, YMR has not accounted to Kirkwood pursuant to the YME Producer Agreement. YME with the assistance of CMR has defrauded, lied and rebuked the attempts of Kirkwood to be paid for his services.” Kirkwood claimed he never got any accounting after 2009.

The defendants denied any wrongdoing. Terms of the settlement were not released to news.