2:49 PM PT -- Meg just tweeted about the lawsuit, saying, "Greedy ass men. First the man over my label said I don’t make him any money … now he counter suing trying to keep me on his label because he wants to make more money lol if I ain’t making you no money why not just drop me?"
She continues, "My lawyers asked him for an expense report (money 1501 supposedly has spent on ME)… why this grown ass man put his jewelry and chains on there… lord free me from this joke a** label."
Finally, "I choose not to say nothing back abt court and address sh*t online but im getting tired of being painted the BAD GUY 2/47 the last girl on 1501 mad at this man too!"
1:36 PM PT -- Megan's attorney Brad Hancock tells TMZ ... "This is yet another absurd attempt by 1501 to disregard Megan's album and squeeze more money and more free work out of her for as long as possible. We will ask the court to protect Megan from this type of abuse."
Megan Thee Stallion isn't walking away from her record label without a fight -- 1501 Certified Entertainment is suing, claiming her last "album" actually wasn't an album ... and she owes more recordings and a lot of money.
The label's countersuit, filed Monday, calls out Megan for her "Something for Thee Hotties" album release last year. Megan had sued 1501 back in February to declare the record fulfilled her contract.
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Not so fast, according to 1501 ... which calls the record nothing more than a compilation of old, previously-released material. According to docs, obtained by TMZ, the label says 'Something' is "made up of 21 recordings and includes spoken interlude recordings on which MTS does not appear as well as several previously-released recordings."
As far as any new MTS material on the "album" -- 1501 says there's a mere 29 minutes worth of it, and to them, that's not enough to qualify as an album under her deal.
In the suit, the label says Megan is well aware any album she makes must include at least 12 "new master recordings of studio performances," and they have to be previously unreleased. Most importantly, 1501 says it has to approve all the tracks ... and it claims that didn't happen when Megan put together "Something for Thee Hotties."
Now, 1501 Certified Entertainment wants the judge to declare, once and for all, that 'Something' doesn't count as an album under her contract. If that's the case, she would owe the label 2 more albums.
The label also wants a full accounting of what Megan's made from "collaborations, sponsorships, endorsements, and side engagements" ... because she would owe the label a cut of that revenue. 1501 claims she's never revealed those numbers, and believes its share of those deals could exceed $1 million.