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The AP, cbs4.com and Sixshot have the story.

James Sabatino, a former consultant for Combs' Bad Boy Entertainment Inc., said he flew B.I.G. to Miami in 1994 to perform a show and record some music. The rapper ... recorded about 17 minutes of vocals, and the session was also captured on about 90 minutes of video footage.

It was understood that both belonged to Sabatino because he paid for the rapper's travel expenses and studio time, although a contract was never signed, according to the lawsuit.

Notorious B.I.G. was killed in 1997 ... Later that year, Combs agreed to buy the music and video footage from Sabatino for $200,000. Combs reportedly gave Sabatino a check for $25-thousand and promised the rest of the money in 60 days. Combs said the reason for the delay was because L.A. police had named Sabatino a person of interest in the rapper's death.

According to the lawsuit, Diddy worried about the public’s opinion if they found out his company had paid a large sum of money to a person of interest in Biggie’s murder.

Sabatino was later jailed on unrelated charges. He claims that everytime he attempted to get the money from Diddy, he was reportedly told it was coming soon.

Emphasis mine. Seems a little funny, but we'll see how it develops from here.