By AP/KWMU
Orlando, Fla. – Anheuser-Busch, in papers filed with the federal Securities and Exchange Commission, said Wednesday it will pay $120 million in cash to settle a lawsuit by the family of the late home run king Roger Maris.
The lawsuit had accused the brewer of defamation in its reasons for ending the family's beer distribution contract. Anheuser-Busch had said Maris Distributing repackaged and sold out-of-date beer in Florida.
The settlement was announced Tuesday, just as a Florida jury reached a verdict in the case following a three-week trial. The court sealed the verdict, but one juror says the award was between $90-100 million. The Maris family had been seeking up to five (b) billion dollars.