Love took action after Universal sued her in February 2000, seeking damages for five undelivered albums when she tried to end her contractual relationship with the recording company.
But A. Barry Cappello, Love's attorney, released a statement saying that Love's suit targets the music industry's practice of locking artists into contracts that extend for much longer than allowed in other businesses such as television, film and sports.
"This is an historic case: no artist has ever gone this far in litigation, and no record company has ever faced charges as serious as these,'' Cappello said.
There is no word as to when the trial will begin.
This is not the only lawsuit for Love, who is also tangled in another case: Love sued Universal Music Group and the remaining members of grunge band Nirvana, Dave Grohl and Krist Novoselic, for control of Nirvana's master recordings, based on her late husband's, Nirvana frontman Kurt Cobain, entitlement to those works.