The Beverly Hills Courier is reporting that Guns N’ Roses’ Axl Rose and his former manager have settled their respective lawsuits, which they filed against each other over matters concerning commissions and concert touring proceeds.
“They were settled to the mutual satisfaction of the parties,” said attorney Howard King on behalf of the Axl’s ex-manager, Irving Azoff.
He would not discuss the terms of the settlement. Lawyers for Rose filed papers after a preliminary accord was reached, stating that the final accord would involve ”a comprehensive touring agreement in which Guns N’ Roses would perform at various…venues.”
Azoff’s Front Line Management sued Rose back in March 2010 for nearly $2 million dollars in unpaid commissions. The Associated Press reported that the firm filed a lawsuit in Los Angeles, claiming Rose owed the company $1.9 million, or 15 percent of the more than $12 million that he earned from performances in Europe, Canada and South America, based on an oral agreement.
Rose’s countersuit claimed Azoff tried to bully Rose into doing a reunion tour with the original GN’R lineup.