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Lindsay Lohan lawsuit against E*Trade settled

Lindsay Lohan has settled her lawsuit against E*Trade. She launched the suit because she believed one of their commercials that featured a “milkaholic” baby named Lindsay referred to her and could harm her professional reputation. Lohan’s lawyer, Stephanie Ovadia, confirmed yesterday that the two parties had reached a settlement agreement and said her client was “very happy” with the outcome. Ovadia told TMZ: “The case between Lindsay and E*Trade has been settled… there is no further comment.” A representative for E*Trade noted that the company was looking forward to moving on from the suit. “E*TRADE has always maintained that the claims were without merit, which is why we moved to dismiss the case,” an E*Trade spokesperson said. “With the case now withdrawn, we are pleased to have the matter behind us.”