BREAKING NEWS: the Killers settle legal dispute with former manager

After a three year legal battle and millions of dollars spent in legal fees, we hear that superstar rock act the Killers have settled the legal dispute with their former manager Braden Merrick who initiated the suit in 2006 for breach of contract after the band terminated his management duties in 2005. Merrick alleged that he had two years left on his management contract with the band and was seeking his commissions from the band’s earnings. Although we hear the settlement paperwork is not finalized, Merrick is rumored to be paid a 7-figure amount to settle the matter. According to several sources, Merrick was suing both the band and their current manager Robert Reynolds for a multi-million dollar claim. During the legal battle, the band served a petition with the California Labor Commission citing several violations against Merrick in order to void their management agreement with him. While both parties are reportedly happy that the dispute is over, they continue to be on unfriendly terms.