Rapper Lil Wayne has reached an out-of-court settlement in a legal dispute over an outstanding jewelery bill.

The star, real name Dwayne Michael Carter Jr., was sued by the owner of Jack Sutton Fine Jewelry last year amid claims he failed to pay a $146,000 invoice.

Proprietor Jack Sutton alleged the Lollipop hitmaker placed orders over the
phone for a $138,000 diamond ring and a $32,000 gold and diamond necklace.

But Sutton alleged that after handing over the first check for $24,000 in October, and a second in January, Lil Wayne's payments stopped coming in - despite him agreeing to make monthly installments for the jewelery.

However, the two parties have now reached a deal in the case - more than eight months after the complaint was filed in Miami-Dade Circuit Court in Florida.

The rapper's lawyer, Ron Sweeney, says, "We reached a settlement. Everybody's happy."

The terms of the negotiations have yet to be released to the media.

- Lil Wayne Gallery

(This news article provided by World Entertainment News Network)