Lee Daniels finally gave Damon Dash his money.
He followed-up by filing a lawsuit. According to new reports, both sides have settled.
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.”
Good for them.