Well, the only thing I've read about this topic was in a MURDER DOG interview Rappin' 4-Tay did around '99.
Rag Top was distributed by EMI/Virgin Records for DON'T FIGHT THE FEELIN' and OFF PAROLE, but after that, EMI shut down, and 4-Tay (and Virgin) was given the option of going with another label affiliated with EMI: Noo Trybe. So that's what he did. Noo Trybe/Virgin distributed Rag Top for the underrated 4 THA HARD WAY.
4-Tay: "When I got to Noo Trybe/Virgin it was like I was in an alligator pit. I had a tight package; I always came with the real shit. As for Noo Trybe/Virgin, when I put my life in your hands, please handle your business to the fullest extent, otherwise I gotta go, you're breaching your contract." (P. 102, Vol. 7, #1)
This makes sense--4 THA HARD WAY was tight, but as I recall, it didn't get the promotion it deserved at all, IMHO. 4-Tay then said that he left Rag Top because it was just time for him to do his own thing. He did say, though, that he still had "love" for Franky J and Lil Fly, so evidently there was no beef between them. Not sure what Fly and Franky are doing now, though...
Hope this helps--4-Tay is an underrated artist who comes with postive, smooth shit that makes you feel good.
PEACE!