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Archive for Wednesday, August 24, 2005

Anheuser-Busch, family settle lawsuit

August 24, 2005

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The family of former home run king Roger Maris and Anheuser-Busch settled a defamation lawsuit Tuesday stemming from the brewer's termination of the family's beer distributorship.

Neither side disclosed terms of the settlement. The Maris family had been seeking as much as $5 billion.

The agreement encompasses the defamation lawsuit and a $50 million jury award that the Marises had won against the nation's largest brewer in 2001 for ending their beer distributorship contract in 1997. That award had been tied up on appeal.

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