P.O.D. are reportedly suing their record label, Tennessee-based INO Records, claiming that the company breached its contract by refusing to pay the band a $400,000 advance for its next album, according to a report published on billboard.com According to the lawsuit, which was filed in Nashville, the group informed the label in November that it was ready to start recording the follow-up to 2008’s “When Angels & Serpents Dance”. The band claims INO refused to pay the option, explaining that P.O.D. had ” ‘abandoned’ its obligations (to INO) under the agreement.” The band’s last album, “When Angels & Serpents Dance” sold 34,000 in the United States in its first week of release in April 2008.