February 15, 2007 08:36:08 GMT
Toni Braxton has settled her multimillion-dollar lawsuit against her former personal manager.
The dispute between Toni Braxton and her ex-personal manager is over. The singer has settled her multimillion-dollar lawsuit against her former personal manager, Barry Hankerson and her former label, Blackground Records.
Under the terms of the settlement, Braxton is free to pursue new projects following her return of a $375,000 advance to Hankerson. Furthermore, the singer is responsible for paying Hankerson royalties from her next album in exchange for being beholden to a contract.
"My freedom from Barry Hankerson is priceless, and means everything to me," Braxton said in a statement. "This settlement allows Ms. Braxton immediately to start new projects of her choice," trial lawyer Peter L. Haviland said. "She wanted to end her relationship with Blackground and Barry Hankerson, and she has. Money has never been what motivates her."
In her lawsuit, filed in January 2007, Braxton claimed that Hankerson owed her at least $10 million for dirty dealing that caused her to abandon a long relationship with Arista Records, a Sony BMG Music Entertainment label, for Blackground Records, the manager's record label.