Mark Burnett Settles $70 Million Dollar Suit With Former Partner
Posted on Wed Mar 21, 2012 11:30 AM PDT
LOS ANGELES, California (X17online) - Mark Burnett has settled his legal battle with his former business partner over unpaid profits from the reality producer's empire.
Conrad Riggs filed a suit back in 2009 that claimed that he was owed $70 million for his work with Burnett, which included his help in selling the reality shows The Apprentice and Survivor to CBS and NBC, respectively.
The suit also alleged that Burnett stopped paying his former partner in 2007 after Riggs refused to sign a contract that he felt deviated from what he was owed.
The case, which is considered one of Hollywood's most-watched trials of 2012, is currently in the final stages of settlement. Terms of the deal have not been disclosed.