The case alleged Live Nation misled investors about its "compliance with antitrust laws" and the "regulatory risks it was currently facing."
The Texas rapper was indicted by a Dallas County grand jury on March 18.
A judge is refusing to dismiss accusations that Derulo must give credit to a producer for work on the chart-topping song.
UMG has argued that nobody takes "outrageous" diss lyrics as statements of fact, but Drake's lawyers say that argument is "doomed to fail" because many people did exactly that.
Joseph Strange, who worked for the star from 2007 to 2021, faces years in prison if convicted on the charges.
Henley, who helped launch Nipsey Hussle's career and is now considered a fugitive, has been accused of running a "mafia-like organization" in a sprawling RICO indictment.
Buzbee, who has filed more than 20 cases against Combs and fought a bitter battle with Jay-Z, says a dispute over his admission in court has "become a distraction."
The battle is far from over, but the ruling effectively revived the band's demand to void its contracts with the music giant — a central accusation in the blockbuster lawsuit.
The case, which claims Cyrus stole elements from the Mars song “When I Was Your Man," will move forward after a judge denies her motion to dismiss it.
In this week's Legal Beat, UMG hits back at Drake's defamation case, Live Nation loses an early battle with DOJ, Karol G faces infringement accusations and much more.
