Lil' Kim Pleads Not Guilty, Released On $500,000 Bail

Rapper has been 'unfairly targeted,' lawyer says.

Lil' Kim pleaded not guilty at her arraignment hearing Wednesday, hours after she was indicted for perjury and obstruction of justice, charges that could put her away for more than 30 years. 

Accompanied by her attorney Mel Sachs, Kim (real name: Kimberly Jones) entered the plea before U.S. Magistrate Judge Debra C. Freeman in U.S. District Court for the Southern District of New York, according to a spokesperson for the U.S attorney's office. She was released on $500,000 bail.

"Kim has been unfairly targeted ... and unjustly charged because of who she is in the music industry," Sachs told reporters as he and Kim left the courthouse. "I'm confident that her case will be completely dismissed."

Kim was demurely dressed in a black trench coat and wore dark aviator sunglasses despite overcast skies and intermittent drizzle. She ignored reporters as she headed into the car.

The charges stem from her alleged involvement in a February 2001 shooting outside the offices of New York radio station Hot 97. Prosecutors claim she lied to investigators and a grand jury by telling them she wasn't present at the time of the shooting and that she didn't know at least one of the suspects involved in the incident (see "Lil' Kim Indicted For Lying About Hot 97 Shootout With Capone").

A pretrial hearing between Sachs and federal prosecutors is scheduled for Friday.