Lee Daniels Settles $5 Million Lawsuit With Damon Dash

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!

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