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Bruce Willis settles dispute with Malaysia company

Wednesday, November 26, 2008

By ANITA SNOW, Associated Press Writer

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LOS ANGELES — 

A Malaysian technology conglomerate has repaid $900,000 to Bruce Willis after the actor filed a lawsuit demanding a refund of his investment.

Martin Singer, Willis' lawyer, said Wednesday the federal lawsuit filed in Los Angeles has been "amicably resolved."

The Kuala Lumpur-based Petra Group said Willis invested $2 million last year in its subsidiary, Green Rubber, a developer of technology that can recycle rubber in old tires.

Petra returned $1.1 million to the star of the "Die Hard" action films earlier this year when he decided to pull out his investment. Willis sued last week to get the remaining $900,000.

Willis says he still has a shareholding position in the company and believes the Green Rubber technology has "vast potential" for the environment.

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