Eminem Dropping Lawsuit Against The Source

Suit stems from magazine's distribution of old songs in which he uses slurs.

With the release of "Toy Soldiers" last year, Eminem effectively declared he was ready to squash his beef with The Source and its co-owner Benzino, but it wasn't until last week that he finally put his lawyer where his mouth is.

Claiming "there is nothing left to win," attorney Donald N. David filed an application to drop the rapper's lawsuit against the publication over a 2004 incident in which The Source distributed two old, previously unreleased songs by Slim Shady that contained racial slurs and derogatory lyrics about black women (see "The Source Digs Up Tape Of Eminem Using Racial Slurs").

David said he and his client are satisfied in walking away with the copyright to the songs and $131,000 in sanctions, which was awarded to Eminem after The Source was found in contempt of a court order that denied the magazine the right to distribute the songs (see "Judge Halts Distribution Of Eminem's Controversial Freestyle").

According to David, The Source thought it owned the copyright, but that was not what the court determined. "If they try to release material anew," David said, "then we will again file a suit against [them], and this time there will be no ambiguity."

As it stands now, they're happy to drop the suit, pending the court's approval of the application. The Source filed an opposition to that motion on Monday, and Eminem will file a counter complaint to that on Tuesday (March 22). An official decision won't be handed down for a few days, David said.

As soon as the court rules on the matter, the magazine will issue a statement, a spokesperson for The Source said.