MacAndrews & Forbes Irons Out Contract Dispute With Ex-Exec

Law360, New York (February 16, 2012, 9:30 PM EST) -- Former vice chairman for MacAndrews & Forbes LLC Donald Drapkin and MacAndrews billionaire head Ron Perelman ended their dispute over a separation agreement Thursday, weeks after a grand jury handed Drapkin a $16 million judgment.

According to U.S. District Judge Paul G. Gardephe’s order, the parties “agree that there was a substantive error in the judgment and that the judgment should be vacated.”

The order also said the parties had resolved all the issues between them, but no details of a settlement were released and neither...
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