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'Charlie's Angels' Star Settles 'Financial Ruin' Lawsuit

12/20/2010 7:00 AM PST BY TMZ STAFF

Kate Jackson -- one of the original stars of "Charlie's Angels" -- just settled up a lawsuit with a business manager she claimed drained her account of $3,000,000 ... TMZ has learned.

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As we told you ... Kate claimed she was in "financial ruin" after Richard B. Francis misinformed her about the value of her estate and then pressured her to buy a home she couldn't afford. 

The terms of the settlement are confidential -- but sources close to the case tell us Francis got off without having to pay Jackson anything.

Lawyers for both sides tell us they are "satisfied with the settlement agreement."

FYI ... that's what lawyers always say.

8 COMMENTS

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1.

Cartman    

Her face is pulled so tight that she looks like Terry Hatcher.

1341 days ago
2.

backfire    

She was not misinformed. Managers/Accountants send statements to your home every month. How could she NOT know what her home was worth? How could a manager pressure anyone to buy a home they can't afford. If stars can read scripts they can certainly read their monthly statements.

1341 days ago
3.

Ideas Come Free    

Wow, in this photo of her, it looks like she wasn't able to afford a toothbrush to brush her tongue. Gross!

1341 days ago
4.

eeeeee    

You can never trust anyone with your money unless it is yourself or your family.

1341 days ago
5.

MIDNIGHT TOKER    

that looks like demi moore

1340 days ago
6.

Ginger    

Beats me why people let someone else control and spend their money. If you are buying something, YOU need to be aware of everything involved with the purchase. Stop relying on others to look out for your money for you.

1340 days ago
7.

KZinmetry    

I'm confused - sources say they are both satisfied with the settlement, and that Francis didn't have to pay Jackson any money..I'd sure like to know what kind of settlement they reached that both parties are satisfied!

1340 days ago
8.

stu    

awwwww u think of farah often. GET A LIFE FREAK!!
think of the peeps in haiti & send $!
every one knows cheryl was the hottest angel. kate needs some lisa rena work on those thin ass lips.

1340 days ago

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