SAN JUAN, Puerto Rico, Oct. 15 (UPI) -- Pop singer Ricky Martin and longtime manager Ángelo Medina dropped their multi-million dollar countersuits in a Puerto Rican court, it was reported Friday.
Martin, suing for $2.5 million, and Medina, countersuing for $63.5 million, agreed to withdraw their respective lawsuits a few days before the pop singer's deposition was set to be taken, Celebrity Justice said.
Martin had sued Medina for allegedly taking "unearned managing commissions." Medina's suit alleged breach of contract.
Although the two have parted ways, both parties reportedly were happy to end their legal disputes.
"Today we have resolved our differences as it always should have been, within the family. (Martin) knows that he can always count on me," Medina said.
"I acknowledge what Ángelo has contributed to my career. Even though I am looking for new direction in my career, I continue to count on his help and good advice," Martin said.