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Huffington Post Founders Settle Lingering Lawsuit

  • Forbes, Friday, May 16, 2014 12:11 PM
Arianna Huffington and her Huffington Post co-founder, Ken Lerer, have quietly settled with two Democratic consultants who claimed critical roles in founding the popular news hub. In a lawsuit filed back in 2010, Peter Daou and James Boyce said they had been unjustly deprived of any stake in the site’s $315 million sale to AOL. As for the size of the settlement, “Daou … is establishing a foundation to dispense grants to young women … that suggests the financial component of the settlement was significant,” Forbes reports.

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