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Megan Thee Stallion first filed a lawsuit against 1501 Certified Entertainment in 2020, claiming they were stopping her from releasing music.
She previously said she “was young” and “didn't really know what was in [her] contract" when she first signed it.
Billboard has reported that the pair will now "amicably part ways".
Label boss Carl Crawford said that he and his company "wish Megan the very best in her life and career".
Congratulations Megan!
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