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They said in a statement that terms of the
agreement were confidential. A trial was scheduled to begin in
Los Angeles in August.
A source close to The Management Group, the Los Angeles company
that had handled Depp's affairs for 17 years until being fired
in 2016, said it was "pleased with the settlement."
In a $25 million lawsuit filed in Los Angeles Superior Court in
January 2017, Depp accused The Management Group of fraud, theft
and financial mismanagement.
The Management Group filed a countersuit a month later seeking
$550,000 in unpaid fees and damages, and alleging that Depp was
in financial turmoil because he had spent millions of dollars on
cars, works of art, homes, wine and Hollywood memorabilia.
Depp was ranked by Forbes as Hollywood's highest paid actor in
2010 with earnings of $75 million, mostly from the "Pirates of
the Caribbean" movie franchise.
The settlement came as promotions were gearing up for "Fantastic
Beasts: The Crimes of Grindelwald," a spinoff sequel from the
"Harry Potter" movies in which Depp plays a younger version of
Grindelwald, who embodies the dark forces in the wizarding
world.
The film is due in movie theaters in November.
(Reporting by Jill Serjeant)
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