Dame Dash and Lee Daniels have finally settled their lawsuit.
According to The Hollywood Reporter, both parties and their attorneys have filed the necessary papers to kill the lawsuit, which alleged that, after the $2 million Dash lent Daniels was not repaid. The suit further maintained that Lee failed to make good on his promise to repay Dash through “rolling the debt over” into Lee’s future projects. Dash was suing for monetary compensation on top of credit on and ownership of subsequent works by the actor, director and producer. Lee claimed that, though Dash’s loan was not recouped, he was duly warned of this possibility in the language of the initial loan agreement.
Despite the contentiousness of the suit, both sides said that this agreement could facilitate future collaboration.
My two-cents: I suggest Lee run for the hills.
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