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Backstreet Boys may settle lawsuit with manager
WILMINGTON, Del. (Reuters - Monday July 20) -
A Delaware judge said Monday he will put on
hold a legal battle between the Backstreet Boys and their manager, Louis Pearlman, over control
of the R&B pop group's corporate entity.
Vice Chancellor Stephen Lamb of the Delaware Chancery Court said in a letter, "By agreement of
the parties, both (related lawsuits) are stayed pending settlement or further advice from counsel."
The case had been scheduled to go to trial July 17.
At issue is whether an irrevocable proxy allegedly granted to Pearlman by a stockholder
agreement precludes the independent exercise of voting power by band members Nick Carter,
Howie Dorough, Brian Littrell, A.J. McLean and Kevin Richardson.
A spokeswoman for the group was unavailable for comment.
Reuters/Variety ^REUTERS@
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