March 20, 2012 8:40 AM ET
Lil Wayne performs at Austin Music Hall in Austin, Texas.
Daniel Boczarski/Getty Images)
EMI has filed a lawsuit against Cash Money Records over late payments for licensed music connected to Lil Wayne's hit album Tha Carter III. According to papers filed by the label group in the United States Federal Court in the Southern District of New York, the hip-hop label owes $392,940.93 of a larger debt that they had mostly paid off in February of 2010 with a $1.5 million payment. That payment came as the result of another lawsuit pursued by EMI in late 2009.
Lil Wayne's Tha Carter III is the only Cash Money release named in EMI's lawsuit. A representative for Cash Money told Billboard yesterday that the label "has been in contact with EMI and will be resolving this amicably."
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