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Jay-Z, David Oritz Squash Beef Over 40/40 Clubs

Hey, there's a headline I never thought I'd write. But yes, Jay-Z, who sued David Ortiz for $5 million back in April, claiming the Red Sox slugger stole the name of his 40/40 Club, has decided to settle, according to his lawyer.

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"The case has been settled in principle," said attorney Peter Raymond. "We have agreed on the outlines of a settlement and need to reduce it to writing."

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The dispute began when Ortiz, after (allegedly) visiting Jay's 40/40 Club in New York City (one of eight locations), (allegedly) opened his own club in the Dominican Republic and named it ... "Forty-Forty." You can see the confusion.

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Big Papi and Hova were scheduled to meet in Manhattan Federal Court on Tuesday, but the legal proceeding was called off at the last minute. The judge, who had urged a settlement, said it "sounds like a sensible outcome."

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Jay-Z -- he is indeed a business, man.