Grammy Award winning songstress Toni Braxton has settled her lawsuit against Barry Hankerson – her former manager and label head (of Blackground Records). Under the terms of the settlement, Toni no longer has any ties to the label or Hankerson and is free to pursue a new deal with another label. In the lawsuit – filed in January 07- Braxton alleged that Hankerson lured her away from Arista Records in 2003 by telling her that they no longer wanted her, yet telling them that she didn’t want to record for them anymore. Braxton also claims Hankerson mismanaged her first and only album for the label – Libra (which tanked upon release in 2005).

Hankerson tried to keep Braxton at Blackground by paying her an advance for a second album in December last year. Braxton returned the money and filed her suit.

Good for her! See she’s handling her own. Wonder what label she’ll sign with this time?