Big Pun’s widow, Liza Rios, previously sued Fat Joe and music publisher Jelly’s Jams for breach of contract, claiming she was owed a pretty big amount for Pun’s royalties that she was not receiving. The numbers weren’t revealed, but insiders say Rios accused Joey of withholding at least $2 million.
Bossip reports the parties settled yesterday during a status hearing at Manhattan Federal Court. The previous day, lawyers for both sides spent all day in mediation.
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The terms of the settlement were confidential, but Rios’ lawyer Lita Rosario says:
“We are pleased with the settlement. We think it was fair, and we’re pleased.”
Check out a photo of the document in the gallery, via Bossip.