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Lindsay Lohan

Gets Paid in

'Milkaholic' Lawsuit

9/20/2010 3:30 PM PDT BY TMZ STAFF

Lindsay Lohan just milked E*Trade all the way to the bank -- and it's all over a Super Bowl commercial that may have insinuated Lohan is a "milkaholic."

0920_lindsay_etrade_launch
TMZ has learned Lohan's $100 million lawsuit against E*Trade has been settled.

The terms of the settlement are confidential -- but we're told Lindsay's team is "very happy" with the results ... and sources say Lindsay got some cash out of it.

As we previously reported, Lindsay claimed the stock trading company violated her rights by featuring a baby character named Lindsay who happens to be the "milkaholic" other woman in a baby love triangle.

Lindsay's high-powered attorney Stephanie Ovadia tells TMZ, "The case between Lindsay and E*Trade has been settled ... there is no further comment."

E*Trade reps tell TMZ, "E*TRADE has always maintained that the claims were without merit, which is why we moved to dismiss the case. With the case now withdrawn, we are pleased to have the matter behind us."

Dina Lohan also weighed in, saying, "The family is pleased that the case has been settled."

166 COMMENTS

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46.

Marie    

When a company or an entity is worth billions of dollars they are more inclined to settle for less money out of court than to go to court and risk losing more money and it does not mean the company is guilty of what it has been accused of doing. The same happened to Michael Jackson who was worth billions of dollars in 1993 when the Chandler family wrongly accused him of sexually molesting Jordan Chandler. Michael Jackson was not guilty but his insurance company advised him to settle out of court for less money than risking going to court to face a frivolous lawsuit. Instead of paying the Chandler family 500 million dollars, Michael Jackson only paid 20 million dollars. Instead of paying Lindsay Lohan 100 million dollars, I bet E*trade is paying her now a lot less.

1391 days ago
47.

janet    

OYE, HARVEY LEVIN, booby, YOUR REACHING FOR A NEW LOW.

No way E*Trade would pay a cent to Lindsey Lohan. FOR WHAT? NOTHING. Lohan filed a claim looking for money and wasted the courts time.

1391 days ago
48.

Sliver    

Isn't she a Cokeaholic? I guess her lawyer will use that money to deliver her some reading material, when she goes back to jail for 2days if they sentence her to a year.

1391 days ago
49.

lowes girl    

Lindsay obviously had the same lawyers who scored a victory for the idiot lady who sued McDonalds years ago for going through the drive-through and putting a hot cup of coffee between her legs and it spilled. She sued McDonalds for her injuries and won. It was a ridiculous lawsuit, as was this one. Big companies need to fight frivilous lawsuits instead of settling out court to avoid bad press.

1391 days ago
50.

Jason    

No she did not get any money. TMZ is wrong. It the doc states, without costs or fees!!. She prob just dropped the case knowing she's going to loose.

1391 days ago
51.

Jay    

This is just part of the litigation system. ETrade has millions of millions of dollars. They just throw settlement money at people like Lindsay to make them go away. Im sure at this point LL was willing to take any scraps she can get.

1391 days ago
52.

Joy    

I never once thought of Lindsay Lohan when I saw this commercial. Get real.

1391 days ago
53.

Jeanie    

That is absolutely ridiculous! She should not have gotten anything. I watched the commercial and Lindsay Lohan did not come to mind at all! She is so full of herself! Perhaps that should be a Class Action for everyone named Lindsay!

1391 days ago
54.

zb    

This is ****ing riduculous! I saw the commercial many times and never thought about Lindsey Lohan..what a pathetic society we live in.

1391 days ago
55.

Solaera    

Funny timing if you ask me. I have been reading reports that the Lohans are in dire straights financially and with Lindsay failing her drug tests and potentially fvcking up the few legit projects she has, methinks this is most likely frantic PR bullsh*t. Lindsay could have settled for any amount, say 5K for all we'll ever know. Her PR people would love for us to think that that loser Lindsay won a huge $100 million lawsuit right about now.

1391 days ago
56.

me    

She probably settled for 5 bucks!

Price of a new cheap bottle of nail polish!

Just in time for court, and her new 3 hrs in jail Friday.

What a train wreck! Fun watching though!

1391 days ago
57.

Amanda    

Freakin' ridiculous!!!!!!!!!!!!!!!!!!!!

1391 days ago
58.

®ustymustdie    

In light of recent events they should counter sue for harrassment. It's not like they were lying.

1391 days ago
59.

Melanie    

This woman just gets more and more ridiculous. Does make you wonder about the E-trade lawyers, this should have just been a nusiance suit and been thown out.

She should donate it to charity, cause she's a dumbass.

1391 days ago
60.

tara    

my name is lindsay.... can i have some money. what a waste.

1391 days ago
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