Michael Jordan settled a lawsuit he filed against Avon Products Inc., after he accused the cosmetics company and a watch distributor of using his name and picture in a sales promotion without his permission.
Jordan sued Avon and New York-based M.Z. Berger & Co. for $100 million in U.S. District Court in Chicago.
Jordan’s attorney Frederick Sperling said he wouldn’t reveal financial terms of the settlement.
Jordan will still pursue his claim against M.Z. Berger & Co.
Philadelphia 76ers point guard Allen Iverson will plead not guilty to a drug charge, and he said he was sorry for a lack of judgment leading to his arrest this weekend.
In a statement from his lawyers, the 1996-97 National Basketball Association Rookie of the Year apologized to his fans for letting them down.