Michael Douglas has settled his lawsuit against two Florida companies that he alleged improperly used his name and image to promote their own products and services.

The sealed settlement was agreed to last month, and the case was formally closed June 27, according to federal court records.

The lawsuit claimed footage the actor shot for educational purposes was instead used for commercial gain by Boca Raton-based companies, Family Television Studios, Inc. and Paradigm Media Group, L.L.C.

According to the suit, Douglas's name and likeness were used to lure sponsors to give money for segments that were never produced or never aired.

Douglas sought to have the companies stop using his likeness and name. The lawsuit also sought any profits made from the segments and compensation of more than $75,000, plus attorney's fees and others costs.

Paradigm Media Group did not immediately return a telephone message left at their offices, while no telephone number was listed for Family Television Studios, Inc. Douglas' attorney Michael Moskowitz did not immediately return a telephone message left at his Fort Lauderdale office.

Douglas, 61, won an Oscar for his role in 1987's "Wall Street." He has also starred in "Fatal Attraction," "Traffic" and "Wonder Boys," among other films.