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Jay-Z Settles ‘40/40’ Suit W/David Ortiz

Rap mogul Jay-Z and Boston Red Sox slugger David Ortiz have reportedly reached a settlement over their ’40/40′ club name.

According to New York’s Daily News, a court date today (March 28) was cancelled, as the pair has informally resolved their dispute.

Jay-Z’s attorney, Peter Raymond, said, “the case has been settled in principle.”

“We have agreed on the outlines of a settlement and need to reduce it to writing,” Raymond said.

Jay-Z originally filed a $5 million lawsuit last April, claiming that Big Papi lifted the name of his 40/40 franchise and used it for a club he opened in his native Dominican Republic.

No official word yet on who emerged victorious in the God MC’s latest battle. Stay tuned to for details. —Lauren Carter

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