Lilo recently sued Pit because his song "Give Me Everything" includes a lyric she feels disparages her name.
On Wednesday, Pitbull taped an apology (below) ... claiming he meant no harm, and invited Lindsay to join him at the VMAs this weekend -- where he's scheduled to perform the song.
Sources close to Lindsay tell us she has no interest in going to the VMAs -- and Pitbull's apology has no impact on the lawsuit ... it's moving forward.
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