Damon Dash just dropped his $5 million legal battle against Lee Daniels, and it definitely seems like Dash got some of the cash he wanted.
On November 26, Dash filed court documents in New York revealing that he and Daniels have reached an agreement to discontinue all claims with prejudice, meaning the lawsuit cannot be refiled in the future.
Each party will pay their legal bills and the case will be closed once and for all.
Back in June, Dash sued Daniels accusing him of breach of contract involving the Richard Pryor biopic they had both planned to work on. He claimed that a 2015 agreement made it clear that he would get a co-executive producing credit on the Pryor project, and also 5% of the profits that Daniels would eventually earn on the back end.
Dash said Daniels did not make an effort to fulfill his obligations, and had been kept in the dark about the details of production and the progress of the film. He felt the alleged lack of communication and compliance on Daniels part fit the bill for a breach of contract.
The suit also claimed Daniels tried to change the settlement agreement through “threats of criminal prosecution.”
Back in 2014, Dash sued Daniels for $25 million over their dispute involving the ownership rights to ‘Precious’, ‘The Butler’ and the television show ‘Empire’. The music mogul claimed to have loaned the director $2 million in 2004, in exchange for rights to certain films.
Earlier this year, Dash was seen approaching Daniels at a Diana Ross concert and the two engaged in a heated discussion over the money that was owed. In the video, it appears Daniels promised to repay the money.
The Pryor biopic, which still appears to be gearing up for production, will showcase the life of the legendary comedian and is set to star Mike Epps, Oprah Winfrey, Eddie Murphy and, Kate Hudson.