Ex-Rolling Stones tour promoter Michael Cohl settles lawsuit with Live Nation

Michael Cohl, who promoted the Rolling Stones' tours from 1989 to 2007, has settled a lawsuit with his former employer Live Nation. Terms of the settlement were not publicly disclosed.
The settlement was announced in a Live Nation press release on June 27, 2012. Live Nation chairman of global music Arthur Fogel stated in the press release: "We've had a long and fruitful history collaborating with Michael Cohl. We're pleased that we've been able to resolve our differences, and can now get back to working together."
In the same press release, Cohl added: "Live Nation has been a valued partner through the years, and I'm glad that we've been able to put this behind us and move forward."
Cohl was chairman of Live Nation from 2007 to 2008. He was involved in a contentious lawsuit over his exit agreement with Live Nation, the giant music corporation whose business includes promotion of live entertainment, as well as merchandising and recording deals with select artists. Live Nation sued Cohl for $5.35 million in November 2010, claiming that he owed Live Nation money as part of the company's settlement deal with Cohl.
Cohl countersued Live Nation, with Cohl claiming that Live Nation promised that the company would not compete against Cohl for the rights to promote the next Rolling Stones tour, which Cohl says had been planned for 2011. (The tour never happened.)
Cohl is now head of concert-promotion company S2BN Entertainment, which is based in Toronto.
Not long after the Live Nation's lawsuit against Cohl was made public, the Rolling Stones issued a statement saying that the band's business relationship with Cohl ended in 2007 (at the end of the band's tour for "A Bigger Bang"), and that he was not authorized to represent the band in any way.
The Rolling Stones have announced that they will not be touring in 2012, but guitarist Keith Richards told Rolling Stone magazine that the band might tour in 2013. The Rolling Stones have not performed together in public since 2007, at the end of the band's tour for "A Bigger Bang." That tour lasted from 2005 to 2007.