3:14pm PT by Ashley Cullins
Snoop Dogg Settles Endorsement Dispute with Pabst Brewing
A dozen jurors will no longer have to choose between iconic rapper Snoop Dogg and popular beermaker Pabst Brewing Company, as the rapper and brewer have settled their dispute just three weeks before trial was set to begin.
Snoop sued Pabst in 2015, claiming his endorsement deal for Blast by Colt 45 entitled him to a share of profits if the brand were sold but, when that happened, the company didn't pay up. According to his complaint, in the fall of 2014, Pabst was sold to Blue Ribbon Intermediate Holdings, a joint venture of Eugene Kashper and a private equity firm, for a reported $700 million. Pabsts' attorneys argued that wasn't technically a sale, but rather a change in the stock ownership of the brewer's parent company.
In August, Snoop's suit cleared the last major hurdle before trial when judge Malcolm H. Mackey denied Pabst's motion for summary judgment in its entirety.
Snoop's attorney Alex Weingarten sent The Hollywood Reporter a brief statement on Friday: "We are pleased that the parties were able to reach agreement and resolve this matter amicably."
Pabst attorney Richard Kendall has not yet commented on the settlement, and the exact details of the deal have not been released.