Alan Ladd and Warner Bros. Settle Lawsuit — Finally

In 2007, Ladd won a $3.2 million jury verdict against Warner Bros; the case has been going ever since

Alan Ladd, Jr. and Warner Bros. have settled their legal dispute after years in court, TheWrap has confirmed.

Ladd, a former studio executive, won a $3.2 million jury verdict against Warner Bros. in 2007, but until now, the case hasn't been fully resolved.

Also read: Ladd's the Victor in $3.2M 'Blade Runner' Suit

Terms of the settlement are confidential, and neither Warner Bros. nor Ladd's lawyer would comment.

The wrangling stretches back to 2003, when Ladd and Jay Kanter's The Ladd Co., sued the studio, saying it was owed millions of dollars from 12 movies, including "Blade Runner," "Body Heat," "Night Shift," "Tequila Sunrise," "Outland," "Chariots of Fire" and the 6-movie "Police Academy" franchise.

The case involved "straight lining." In "straight lining," studios sell a bundle of movies to television or cable networks and share the profits from the entire bundle equally among the producers of all movies involved.

Ladd sued because "straight lining" didn't reflect the quality of the individual films.

Warner Bros. appealed the $3.2 million verdict, and lost.

The appellate panel sent the case back to Superior Court for a trial on other issues. That trial was scheduled to begin next month. Before it did, the two sides settled.

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