Bruce Willis' Rubber-Made Resolution

Actor settles recent lawsuit against principals of an environmental-tech company he invested in, says he'll continue as a shareholder

By Natalie Finn Nov 27, 2008 12:25 AMTags
Bruce WillisDenise Truscello/WireImage.com

These guys are lucky that Bruce Willis is so darn eco-friendly.

An attorney for the actor said Wednesday that Willis has amicably resolved a lawsuit against the principals of an environmental technology company, in which he claimed that he was still waiting on nearly half of the $2 million investment he made into the not quite realized concept of "green rubber."

"Having resolved the matter, I will continue to maintain a shareholding position in the company and I wish the company, the directors and my fellow shareholders the very best for the future," Willis said in a statement obtained by Reuters.

"I continue to believe in the green rubber technology and the vast potential it holds for the environment."

According to the Die Hard star's complaint, filed Nov. 21 in Los Angeles Superior Court, Willis tried to take his money out of Petra Group subsidiary Elastomer Technologies after the company failed to go public by September, as he was initially promised.

When Willis filed suit, the company set up by Malaysian Prince Imran Ibni Tuanku Ja'afar and partner Datuk Vinod B. Sekhar had only returned $1.1 million to him.