According to TMZ, Dame Dash and Lee Daniels have reached a settlement in the $5M lawsuit Dame filed earlier this year. The music mogul and director came to an agreement and have decided to drop the lawsuit. When asked about the matter Dame said, “I’m good. Just happy 2 people from the culture could work things out.”
Dame had previously given Lee Daniels $2M for a Richard Pryor movie, which he was also supposed to credit Dame as an executive producer and receive 5 percent of the back-end profits from the film. However, Daniels ended up bailing on the project, thus not completing his side of the deal.
Earlier this year, a video surfaced of Dame Dash confronting Lee Daniels and threatening to take action if he didn’t get his money. With this, Daniels did promise to pay the money back.
There is no information on how much Lee paid Dash, or how much it was for.