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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

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Published: Sept. 22, 2010 at 1:37 AM

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.

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."

Topics: Lindsay Lohan

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