Florida Sentinel Bulletin

[google-translator]

The legal situation involving Lee Daniels and Damon Dash has come to a resolution.

Dash claimed he loaned $2 million to Daniels, entitling Dash to participate in the financial success of his projects – including “The Butler,” “Precious” and “Empire” – but was never fully repaid.

On Tuesday, the parties filed papers dismissing the lawsuit, according to The Hollywood Reporter.

Dash’s attorney Natraj Bhushan said it was a “creative, fair” settlement that “calls for them to work together in the not-so-distant future.”

Bhushan couldn’t offer any specific details given a confidentiality provision.

Dash filed his lawsuit in New York Supreme Court last year and claimed that he supported Daniels so that the filmmaker could produce “The Woodsman.” In return for the money, Dash says he got a written agreement that gave him executive producer credits, 50 percent of rights on the film, and a guarantee that the investment would be repaid with interest from Daniels.

The music mogul says he helped promote Daniels’ career, got celebrities like Kanye West to perform in promotional support of films and reassuring other stars like Mariah Carey to back Lee after the 2008 film “Tennessee” didn’t perform that well.

In lieu of repayment, Dash says he got an offer to roll-over the debt to Daniels’ other films like “Shadowboxer.” Dash says he accepted, and years later, went to court arguing that more recent works from Daniels were covered under the terms of the agreement. Dash demanded credits, ownership and compensation.

A judge never made a ruling on whether to allow the claims. Instead, the parties have worked out their differences.