Lee Daniels finally paid Damon Dash his money.
If you recall, Dame ran up on Lee and went ham over the $2 million loan he gave him.
He followed-up by filing a lawsuit. News reports say both sides have settled.
via TMZ:
According to docs, obtained by TMZ, both sides agreed to drop the matter and each will pay their own attorney’s fees. As we first reported … Dame was livid about the cash he’d given Lee to make a couple of movies. In fact, he got in Lee’s face during a Diana Ross concert earlier this year … demanding the dough.
Damon’s next step was filing the suit for $5 million — due to interest and lost profits.
Lee made it clear to us … he’d settle the debt, and thanked Dame for supporting his projects when no one else in Hollywood would.
The docs don’t reveal any financial details … but based on Lee’s own words, it’s a good bet he forked a hefty chunk of change to Dame.
Whatever amount of money Damon got in the settlement, he’s satisfied with it. He tells TMZ … “I’m good. Just happy 2 people from the culture could work things out.”
Glad Damon Dash got his coins!