Settlement Reached in ‘Fifty Shades of Grey’ Dispute

A settlement has been reached in Texas involving the erotic best-seller “Fifty Shades of Grey.”

FOX’s Joe Chiaro reports: 

The Fort Worth Star-Telegram reports the settlement was reached by Fort Worth school teacher Jennifer Pedroza and former business partner Amanda Hayward.

They had operated an E-book business, which first published “Fifty Shades of Grey.” A jury last year determined that Hayward cut Pedroza out of her share of the ensuing $40 million sale of the E.L. James trilogy to Random House.

Pedroza will receive at least $1.7-million in the settlement, which sets aside a judge’s earlier ruling that awarded Pedroza $11.5 million in royalties and interest.

Joe Chiaro, FOX News.