Chuck Philips writes for the LAT:
After six years of legal sniping, actor Steven Seagal and his former business partner, Julius R. Nasso, buried the hatchet Sunday, ending a bitter court battle that had spawned allegations of contract breach and Mafia extortion.
As a result of the confidential, out-of-court settlement, Nasso is expected to drop his $60-million lawsuit against Seagal, which alleged that the actor reneged on an agreement to produce four films with him. In exchange, Seagal agreed to pay Nasso $500,000, according to people familiar with the terms of the settlement. The two men also agreed to sever all ties.
…During a partnership spanning more than a decade, Seagal starred in a string of blockbuster hits, including "On Deadly Ground" and "Under Siege 2," that grossed hundreds of millions of dollars. Nasso helped produce them. The two former best friends were next-door neighbors in New York City’s Staten Island, where they worked and partied together earlier in their careers.
