Velvet Underground Settles Warhol Banana Rights Battle

Law360, Los Angeles (May 29, 2013, 6:12 PM EDT) -- Seminal 1960s rock band The Velvet Underground on Wednesday resolved its feud with The Andy Warhol Foundation for the Visual Arts Inc. over licensing rights to an iconic Warhol illustration of a banana.

U.S. District Judge Alison J. Nathan of the Southern District of New York dismissed the lawsuit without prejudice after being notified that the parties had settled their battle over whether the Warhol Foundation or the band owned the rights to the image, which was designed by Andy Warhol and appeared on the cover of...
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