ABKCO Music Inc, UMG Recordings, Inc., Warner/Chappell Music, Inc., EMI April Music, Inc. and other parties, including Dwayne Michael Carter, p/k/a Lil Wayne, announced the settlement of all claims asserted in the litigation between the parties commenced, in July, 2008, by ABKCO in the United States District Court for the Southern District of New York.

In the litigation, ABKCO had sought, among other things, injunctive relief and damages arising from ABKCO's allegation of infringement of ABKCO's Rollng Stones' composition "Play With Fire" by the Lil Wayne recording "Playing With Fire" which was originally contained in the album "Tha Carter III." The defendants, who are parties to the settlement agreement, had denied ABKCO's allegations in the litigation.

Prior to the settlement, the disputed recording was voluntarily removed from "Tha Carter III" and taken down by all providers of digital downloads, ringtones and ringbacks.

Pursuant to the terms of the settlement agreement, the parties agreed not to claim that the composition embodied in the disputed recording constituted an independent copyrighted work or a derivative work of ABKCO's composition under the copyright laws of any country.

The terms of the settlement are governed by a confidentiality agreement.