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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Damon Dash Confronts Lee Daniels About The $2 MILLION He Owes Him

Dame Dash is not playing around with Lee Daniels About His MONEY!

Several years ago, Dame Dash paid it forward by loaning Lee Daniels $2 million so that he could produce The Woodsman.

In return for the money, Dame says he got a written agreement that gave him executive producer credits, 50 percent of rights on film and a guarantee that the investment would be repaid with interest from Lee.

That never happened and Dame filed a lawsuit.

Dame took to Instagram to share a video of him confronting Lee at a public event about his MONEY.

Dame has filed a lawsuit claiming Lee Daniels promised to try to get him on as an executive producer for a Richard Pryor biopic — along with 5 percent on Daniels’ backend profits.

Lee didn’t and now Dame is suing for $5 million.

Monique Said he was a shady mf smh. You never WIN when you play dirty!