Jacqueline Laurita, her husband, Christopher Laurita, and several other family members are signing an agreement to end the $8 million lawsuit flap related to their former clothing company, Signature Apparel.
In court papers filed September 24 that RadarOnline.com has exclusively obtained, the Real Housewives of New Jersey stars “agree to pay the total gross sum of One Million Dollars ($1,000,000.00)” to a trustee for plaintiffs.
The couple will have to immediately fork over $100,000 when a judge approves the agreement that comes just before the case was due to go to trial. The Lauritas will then be responsible for periodic payments of $112,500 through September 2016.
As Radar reported, the couple was accused of siphoning off millions from the company and using it to support their lavish lifestyle — even though they knew the business was failing.
When the pair finally filed for bankruptcy protection in 2009, the Lauritas were charged with knowingly defrauding their creditors, and the trustees of the case hit them with a $7.8 million lawsuit in an attempt to get back whatever money they could.
If the agreement gets the green light, the Lauritas latest filing states they admit no wrongdoing.
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