Pop group 'N Sync have settled the $150 million breach-of-contract lawsuit filed against them by former manager Louis J. Pearlman, MTV News reported Thursday (Dec. 23), citing an anonymous source. No details were reported. Pearlman's management company, Trans Continental Media, and BMG, the parent company of 'N Sync's former label, RCA, sued in October after the group moved from RCA to Jive Records. In November a judge in Orlando, Fla., declined to grant an injunction that would have prevented 'N Sync from recording for Jive. 'N Sync, whose hits include "Tearing Up My Heart," are expected to release a new album next year.