Melbourne
(ANI):
A
lawsuit
involving
late
actor
Heath
Ledger's
10
million
dollar
life
insurance
policy
has
been
settled.
ReliaStar
Life
Insurance
initially
had
refused
to
pay
out
on
Ledger's
10
million
dollars
life
policy
over
pending
investigation
into
whether
the
actor
committed
suicide.
But,
the
lawyer
representing
the
actor's
daughter
Matilda's
trust,
William
Shernoff,
said
that
the
insurance
company
has
agreed
to
settle
the
case.
Shernoff
had
threatened
to
sue
ReliaStar
for
"tens
of
millions
of
dollars" in
punitive
damages
for
emotional
distress
caused
to
Ledger's
loved
ones,
reports
News.com.au.
However,
Shernoff
said:
"A
confidential
settlement
has
been
reached.
The
parties
are
pleased
we
have
been
able
to
settle
it
amicably."
Shernoff
would
not
reveal
how
much
Matilda
would
receive,
citing
the
settlement's
confidentiality
clause.
Ledger
took
out
the
10
million
dollars
life
insurance
plan
in
June,
2007,
and
made
Matilda
the
beneficiary.