XM Satellite Radio Holdings Inc. and Universal Music Group settled a lawsuit involving the XM Inno receiver Monday.

Terms of the settlement were not disclosed.

Universal Music is one of several record labels to file a complaint against XM in regard to the Inno receiver, which allows XM subscribers to store songs on the one gigabyte of included memory. Universal, in turn, is the first to withdraw its name from the complaint. The Inno is manufactured by Pioneer.

"We pride ourselves on empowering new technology and expanding consumer choice. And XM is providing a new and exciting opportunity for music lovers around the world to discover and enjoy our content, while at the same time recognizing the intrinsic value of music to their business and the need to respect the rights of content owners," Universal Music Chairman and CEO Doug Morris said in a statement.

Reuters reported Monday that a settlement between XM and Warner Music Group Corp. would come "soon." Warner Music is also among the companies filing the suit against XM.

Universal Music Group, a unit of Paris-based Vivendi, operates Los Angeles' Universal Music Publishing Group, a publishing house with more than 1 million copyrights, and Santa Monica-based Universal Music Enterprises, the company's catalog-management division.