John Z. DeLorean reached a settlement Monday with his former law firm over nearly $700,000 in alleged unpaid legal fees from the successful defense of federal charges in Detroit.
Details of the settlement to the Superior Court suit were not released, but an attorney said no money will be changing hands. "No one is paying anybody anything," said attorney Howard Weitzman, a former member of the now-defunct firm that represented DeLorean in the Detroit case.
Weitzman said that he, DeLorean and the defunct firm would "resolve our differences elsewhere." The settlement was reached in mid-trial.
The lawsuit, filed in 1988, accused DeLorean of failing to pay $683,392 in legal bills during the 1986 case. DeLorean was acquitted of federal charges involving fraud, racketeering and tax evasion.