Johnny Depp settles feud with former managers

"Johnny Depp is pleased to have achieved a settlement agreement with The Management Group following the legal action he took against the company in January 2017," Depp's spokesperson said in a statement.

"The lawsuit taken out against The Management Group - and the subsequent settlement - is a further demonstration that Johnny is determined to take firm action to protect his personal and artistic reputation in the interests of his family and his career," the spokesperson added.

The trial was scheduled for August 15. The two sides had a mediation with Peter Lichtman, a retired judge who serves as an arbitrator.

Depp still has a pending suit against Jake Bloom, his former attorney whom he accused of malpractice.

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