Settlement reached in 'Fifty Shades' royalty dispute
Posted September 16
FORT WORTH, Texas — A Texas woman has reached a settlement with a former business partner who she claims defrauded her of her share of the multimillion sale of the erotic best-seller "Fifty Shades of Grey" and two companion novels.
Citing court records, the Fort Worth Star-Telegram (http://bit.ly/2cBveID ) says Jennifer Pedroza will receive at least $1.7 million. The settlement sets aside a judge's earlier ruling that awarded Pedroza $11.5 million in royalties and interest.
The Fort Worth schoolteacher operated an e-book business with others including Australian Amanda Hayward, and that business was the first to publish "Fifty Shades of Grey." A jury last year determined that Hayward cut Pedroza out of her share of the ensuing $40 million sale of the EL James trilogy to Random House.