Genting Malaysia settles suit against Disney over Fox theme park

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LOS ANGELES (Aug 2): Genting Malaysia Bhd settled the $1 billion lawsuit it filed last year against Walt Disney Co and 21st Century Fox Inc. for pulling out of an agreement to sponsor a Fox World theme park outside Kuala Lumpur.

Disney, which acquired 21st Century Fox earlier this year, and Genting filed a request to dismiss the lawsuit Wednesday in federal court in Los Angeles

Details of the agreement weren’t disclosed, but the companies requested that the court retain jurisdiction over the case to enforce the terms and conditions of the settlement