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."