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Lawsuit against Biden's son, brother is settled

DOVER, Del. (AP) — A lawsuit that accused Vice President-elect Joe Biden's youngest son and brother of cheating a business partner out of money has been settled, an attorney said Friday.

A stipulation of settlement in the case against Hunter Biden, a former Washington lobbyist and son of Delaware's senior senator, and James Biden, the senator's brother, was filed late last month in New York state court.

Nicholas Gravante Jr., an attorney for the Bidens, said Friday that the settlement terms are confidential. In their response to the complaint, the Bidens denied any wrongdoing.

The lawsuit was over an effort led by the Bidens to take control of hedge funds run by the Paradigm Companies. A partner in the deal, Anthony Lotito Jr., claimed that the Bidens negotiated their own deal behind his back and cheated him out of money.