Wrestliang press reports (link to this blog added):
Former WCW superstar Diamond Dallas Page has settled his trademark infringement lawsuit against hip hop mogul Jay-Z. The suit was settled on July 10th after the court signed off on an agreement reached between the two parties.
According to one source, the settlement included a monetary fee that was paid by Jay-Z to Page. In exchange for the fee, Page agreed to drop all claims in regards to the infringement suit. Each party paid their [sic] own legal fees.
I, for one, will sleep a lot better tonight, knowing that Jay-Z sliced off about ten minutes worth of earnings to pay off the offended “superstar.” It would, however, have been quite interesting to see if anyone really had any trademark rights in their shared hand gestures. I assume that since Page is a “former WCW superstar,” he isn’t using the gesture any more, so there are no licensing issues. I would love to see what the quality control provisions would provide!