Lindsay Lohan Settles $100 Million "Milkaholic" Lawsuit

Celebrity News Sep. 20, 2010 AT 5:02PM
Lindsay Lohan Settles $100 Million "Milkaholic" Lawsuit Credit: Jon Kopaloff/FilmMagic

Win some, lose some?

On the same day that a new bench warrant was issued for Lindsay Lohan, the actress got some better news on the legal front.

Her $100 million lawsuit with E*Trade has been settled, TMZ confirmed Monday. The actress, 24, sued the company earlier this year for its comical ads featuring a talking baby named "Lindsay" who identified herself as a "milkaholic"; Lohan claimed the stock trading company violated her rights.

PHOTOS: Lindsay's wildest moments

"The case between Lindsay and E*Trade has been settled," her lawyer Stephanie Ovadia said. "There is no further comment."

Terms of the settlement are confidential, but the actress' mom Dina said, "The family is pleased that the case has been settled."

VIDEO: Lindsay jokes about her SCRAM bracelet

An E*TRADE rep said: "With the case now withdrawn, we are pleased to have the matter behind us."

Lohan is due to appear in an L.A. court 8:30 a.m. Friday on a different matter; after she admitted failing a court-ordered drug test, her probation was revoked and her bench warrant was issued.

PHOTOS: How her face has changed

Lohan could face 30 days behind bars for the latest offense.

"Substance abuse is a disease, which unfortunately doesn't go away over night. I am working hard to overcome it and am taking positive steps forward every day," Lohan said in her Twitter statement.

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