Risqué rapper Lil' Kim pleaded not guilty to eight felony counts of perjury, conspiracy and obstruction of justice on Wednesday and was released on $500,000 bail. She's accused of lying — during three grand-jury appearances she made last year — about the February 2001 shootout she witnessed outside Manhattan radio station WQHT. At the time, Lil' Kim and her posse were reportedly involved in a dispute with her rival rapper, Foxy Brown.