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Kate Jackson Settles Her 'Financial Ruin' Lawsuit

December 20th, 2010 8:28am EST

Kate JacksonCharlie's Angels star Kate Jackson has settled a $3 million lawsuit with her late pal Farrah Fawcett's former business manager, after accusing the aide of leaving her in "financial ruin".

The actress claimed Richard B. Francis used her "extremely close relationship" with Fawcett to land her as a client, but let her down on a series of key issues.
 
Jackson alleged Francis made incorrect estimates about the size of her fortune, claiming she was worth $5.4 million when the actual figure was closer to $3 million and also claimed he urged her to buy an over-priced house in California which she couldn't afford.
 
In papers filed at Los Angeles County Superior Court earlier this year, Jackson alleged she "suffered financial ruin at the hands of the very person she entrusted with her finances."

Now Jackson and Francis have reached an undisclosed settlement, reports TMZ.com. Lawyers for both parties tell the website they are "satisfied with the settlement agreement."

Kate Jackson

Photo Credits: PR Photos