Young Dolph is currently laid up in a hospital bed out in Los Angeles, after an argument that occurred outside a famous Hollywood intersection turned violent, leaving Dolph with multiple gunshot wounds, and three suspects fleeing the scene. Young Dolph had enough stamina to get into a nearby establishment and call for help, where he was then rushed to the hospital, and underwent surgery, successfully. 

The shooting occurred three days ago, on September 26, and immediately rumors flooded in that counted Yo Gotti as a person of interest. However when the LAPD announced they'd made an arrest the following day, they simultaneously discounted reports that singled out Yo Gotti as a suspect. Still, the suspect they did arrest-- a man by the name of Corey McClendon, 43-years old -- has been reported as a Yo Gotti affiliate, although investigators will not confirm whether Gotti himself is a suspect, and whether or not there is any video footage of the incident. The initial report on McClendon's arrest claimed that he fled the scene in a gold Cadillac Escalade, while two other men fled on foot.

USA Today reports that McClendon was released early Friday morning after being booked Wednesday afternoon on suspicsion of attempted murder. A spokesman for the Los Angeles District Attorney's office, Greg Risling, stated that the prosecutors asked for "further investigation," leading to McClendon's release. 

"Under California law, if you are arrested and booked and no charges are filed within 48 hours, you have to be released," Risling said, leaving it up to the police to gather more evidence before they're able to return to the district attorney and determine if they will press charges. Thus, for the time being, McClendon is free to go without any charges attached to his name.

It should be noted, in terms of McClendon's familiarity with Yo Gotti -- both men were among those charged in November 2010, when a shooting occurred outside a Memphis night club, leaving six people with wounds. This particular shooting did not involve Dolph though, rather, it stemmed from beef with OG Boo Dirty. All charges against both men were eventually dropped due to a lack of evidence.

Dolph remains in stable condition since the shooting, keep him in your prayers. 

We'll update you as the case unfolds. The police are still looking for the two other suspects involved in the shooting.

RELATED: We unpacked the history of beef between Dolph and Gotti.