Backstreet Boys Settle Suit

Teen popsters the Backstreet Boys have reached an out-of-court

settlement in their lawsuit against their founder, record producer Louis J.

Pearlman, according to Jay Marose, a spokesperson for their label, Trans

Continental Records. A party involved in the case, who asked not be named,

said the Boys are now equal shareholders with Pearlman in the Backstreet

Boys as a business entity, but the source would not confirm whether the

settlement also secured them equal partnership. The Orlando, Fla.-based

quintet claimed Pearlman had taken more than his entitled share of its

estimated $200 million earnings.