AceShowbiz - Bosses at a hair extensions company have dropped a multi-million dollar legal battle with Paris Hilton after admitting their claims were "not accurate". Executives at HairTech International Inc. sued the heiress for $35 million last summer over claims she reneged on her endorsement deal to promote their 2007 Dream Catchers range.

They alleged she failed to promote the collection and skipped a launch party after she was jailed for a probation violation, and even amended the lawsuit in December 2010 to claim Hilton in fact cost them a staggering $70 million.

The reality TV star, who filed a counter suit against HairTech, has now confirmed the legal dispute has come to an end after company boss Chris Volek admitted many of the claims were incorrect. Volek says in a statement, "The information I received from others and on which I based the lawsuit was not accurate."

And Hilton is pleased with the outcome, telling New York Post gossip column Page Six, "It is certainly not unusual for businesspeople to have their disagreements, but I am glad that Chris has acknowledged the hard work and dedication I put into promoting his products." Hilton denies any money was paid for the lawsuit to be dropped.