Britney: Footloose and Lawsuit Free

05/15/2003 at 12:00 PM EDT

Britney Spears can kick up her heels again.

Spears and the Skechers footwear company have put down their legal guns and settled competing federal lawsuits over a failed deal for the pop princess to market a line of roller skates and accessories, according to court documents filed May 8 in U.S. District Court in Los Angeles, the Associated Press reports.

Spears, 21, had sued Skechers on Dec. 26 for more than $1.5 million, claiming the company used her to plug its own roller-skate line rather than the skates that she had designed.

Skechers countersued, claiming it was "continuously shut down, rejected and ignored," a representative of the company said in March, at the time the company filed.

In its complaint, Skechers said Spears fraudulently induced them into sponsoring her 2001-2002 concert tour in return for getting the merchandise license.

At the time, Spears's lawyer, Michael Friedman, released a statement calling the countersuit a "ludicrous attempt to distract the court and the general public from the real issue: Skechers failed to meet their financial obligations to Ms. Spears."

Skechers spokeswoman Jennifer Clay declined to discuss terms of the settlement because of a confidentiality agreement, says AP. A phone call to an attorney representing Britney Brands Inc. was not immediately returned.

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