Lindsay Lohan Vs Pitbull Round 2

Lilo recently sued Pit because his song "Give Me Everything" includes a lyric she feels disparages her name.

On Wednesday, Pitbull taped an apology ... claiming he meant no harm, and invited Lindsay to join him at the VMAs this weekend -- where he's scheduled to perform the song.

Sources close to Lindsay tell us she has no interest in going to the VMAs -- and Pitbull's apology has no impact on the lawsuit ... it's moving forward.