Four years after Bad Boys original author George Gallo first went to court over copyright to the lucrative Will Smith and Martin Lawrence franchise, the scribe and Columbia Pictures have settled their differences. “Pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(ii), and in light of a settlement between the parties, Plaintiff Columbia Pictures Industries, Inc.
and Defendants George Gallo, Sweet Revenge Productions, Inc., and Robert “Bob” Israel hereby stipulate to the dismissal with prejudice of this action.
The parties shall bear their own attorney’s fees and costs,” said the three-page filing today in federal court in LA (read it here).
While details of the deal are confidential, both sides are happy with the outcome, I’m told. They better be, By the definition of the “with prejudice” designation, this matter cannot be refiled.
Read more on deadline.com