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Mel Gibson

Tires of Eco-Lawsuit

Settles Up

2/2/2012 6:00 AM PST BY TMZ STAFF

0201_mel_EX_01
Things are rubber ducky for Mel Gibson ... we've learned he just settled a bitter lawsuit over recyclable tires. 

Gibson was sued by a dude who claims -- at the behest of Mel -- he invested his life savings in a company called Green Rubber, which developed technology to devulcanize rubber so old tires could be recycled. 

Nader Sherif claimed Mel promised the guy could sell his stock back to the company at any time and get his money back, and he further claimed Mel promised to personally write him a check if the Green Rubber refused. Yes, you guessed it. Sherif wanted his jack back, the company refused and Mel told him to pound sand.

Sources tell TMZ ... Mel paid Sherif something, but we don't know exactly how much.

2012 is starting out to be a very Goodyear for Mel.

201 COMMENTS

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1.

NobodySpecial    

How is it a good year for mel if he had to make a settlement on a lawsuit ? He lost, he didn't win.

972 days ago
2.

writenow    

Did he take a tire iron to them or something?

972 days ago
3.

matt    

Love how rich people can get away with grand larceny, but if you grab a ladies purse with $20 in it, you get tackled by 3 guys and put in a jail cell.

972 days ago
4.

Muppet    

I don't believe this. They just put this negative story out because they put a story out about the Ox. TMZ keep digging, until you find out what was paid, I don't believe this. It's just more BS from a source because a stupid article was put up about Oksana's wretched singing.

972 days ago
5.

Ace    

Investment with NO risk.....sign me up.

972 days ago
6.

Superman    

Sounds like he caved into the demands of the suit. How is that good for mel?

972 days ago
7.

Firefly    

Your sarcastic 2012 is starting out to be a very Goodyear for Mel didn't go unnoticed TMZ and it's not funny. So I guess when people stop coming to your site because of your one sided opinions then it will be a good year for you too? Right?

972 days ago
8.

billybob    

Hey Mel, Nader Sherif does not sound very Jewish, so why?

972 days ago
9.

Jay W.     

Nader Sherif... a fool and his money are soon parted

972 days ago
10.

Bunny that earns scooby snacks!    

Mel --the wallet that it target for all scammers. Oft....

972 days ago
11.

THE BEAVER    


maynerd: about an hour ago

Man this Aussie has hit the bottle hard mate!
His face looks like one of those weaved well worn out burlap door welcome mats
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Well, DUH!! The man has been through the ringer with azzholes one by one jumping on the Oksana Gold Digger wagon.
Actucally, I think for all the hell Mel has been through since 2006 on, Mel still looks good.

972 days ago
12.

THE BEAVER    

I pray that all the azzholes will leave Mel Gibson alone now, and let Mel go back to what he does best.. acting & making movies.

Monkey see..monkey do. I guess soon there will be another monkey on Mel's back.

God, you need to step in now and help Mel Gibson. Enough is enough !!

972 days ago
13.

Kaffee    

I don't believe anything Mel says.

972 days ago
14.

2idiots    

Wow! Surprised at how few flockers there are here today spinning this as Mr Good Guy helping a less fortunate guy out.
.

972 days ago
15.

O_o    

mel - lil' color, lil' trim...could help to dial down the crazy factor. just lookin out for ya.

972 days ago
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