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Twista

is sequestered in Atlanta, where he is recording a third

solo album after settling a copyright infringement lawsuit

with parties that included his former label Creator’s

Way Associated Labels. His solo deal with Atlantic Records

is estimated to be

approximately $6 million.

According to

highly placed sources in the Chicago rapper’s Legit Ballin’

Records camp, attorneys

for Atlantic and CWAL agreed to an undisclosed settlement

at a meeting in New York City approximately two weeks ago.

The meeting was attended by two of CWAL’s three principals,

A&R Leroy "Lucky" Burton and marketing and

promotions Kevin "Big Rap" Brinson. Legit Ballin’

sources say the third partner heading a reorganization of

the Chicago label known as CWAL Mob, producer Sam "Legendary

Traxster" Lindley, was invited to the New York meeting

but declined to attend.

"It’s

all good," said a Legit Ballin’ source, who asked not

to be identified. "With the money he’s getting from

Atlantic, Twista will be in good enough shape to pay off

his legal bills and put Legit Ballin’ on point."