I did not think these guys would buckle and give up such a huge payday to Woody(pause). They were wrong for using his image but was that campaign that successful that his lawyers could command that type of money? Read the story below:
NEW YORK — Woody Allen agreed Monday to a $5 million settlement in his lawsuit accusing American Apparel of using an image parodying him as a rabbi without his permission.
Both sides announced the settlement _ to be paid by American Apparel Inc.’s insurance company _ on the morning a trial was to start in federal court in Manhattan.
Reading from a statement outside court, Allen said he hoped the outcome “would discourage American Apparel or anyone else from ever trying such a thing again.” His lawyers said the $5 million appeared to be the largest amount ever paid to settle a lawsuit brought under state privacy statutes.
American Apparel president Dov Charney told reporters it wasn’t his decision to settle. The Los Angeles-based company’s insurance company “controlled the defense” in the case, he said.
“I’m not sorry for expressing myself,” he said.