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Lohan settles E*Trade lawsuit

Actress Lindsay Lohan surrenders in court to begin serving a 90-day jail term for violation of probation in Beverly Hills, California on July 20, 2010. UPI/Al Seib/Pool
Actress Lindsay Lohan surrenders in court to begin serving a 90-day jail term for violation of probation in Beverly Hills, California on July 20, 2010. UPI/Al Seib/Pool | License Photo

NEW YORK, Sept. 22 (UPI) -- Lindsay Lohan's lawyer says the U.S. actress has settled her $100 million lawsuit against the stock-trading firm E*Trade.

The terms of the settlement were not revealed.

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The "Mean Girls" and "Freaky Friday" star, who has battled addictions to drugs and alcohol for years, accused the company of violating her rights by using her first name in a TV commercial featuring a "milkaholic" baby named Lindsay, who tries to steal another toddler's beau.

"We're very glad that the case is settled," Lohan's lawyer, Stephanie Ovadia, told the New York Post.

"Basically, it was a business decision to move on," an E*Trade spokeswoman told the newspaper. "We are pleased to have the matter behind us."

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