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A lawsuit between two childhood friends who became co-founders of a talent management firm has been amicably settled. The original suit, brought in part by Randy James of James/Levy Management, claimed that Miles Levy, who was James Franco‘s recently-fired talent and financial manager, colluded to embezzle commissions from the actor for nearly a decade. Also read: ‘The Long Shrift’ Theater Review: James Franco Adds Another Credit to His Ever-Expanding Resume Levy had recently been fired by Franco when the suit was filed in April. The suit claimed that Levy told James that Franco's management commission would be reduced...

Three months after principals from James Franco’s former management company went to the legal barricades against the actor’s ex-rep and his ex-financial adviser for fraud and a litany of other claims, former partners Miles Levy and Randy James have come to an agreement. “The litigation between Randy James and Miles Levy has been amicably settled by the parties, with no side admitting fault,” said the James Levy Management co-founders in a joint statement today. In a multi-claim complaint filed on April 18, James and former company director Ken Jacobson claimed that since 2006 Levy had been skimming a third of the […]...