Hathaello Will Survive With the Help of Baby Jesus

New York
Photo: WireImage

Looks like Anne Hathaway's not getting any Christmas presents this year! The L.A. Times is reporting that her boyfriend, Italian developer Raffaello Follieri, has decided to settle with Ron Burkle, who sued him last April after partnering with him in a real-estate scheme gone awry. The suit alleged that Follieri had misappropriated funds given to him by a sector of Burkle's Yucaipa Company for the development of Catholic Church property by squandering it on private jets, a $40,000-a-month penthouse, expensive restaurants, and gifts for his movie-star girlfriend. Why did he settle? Was it because he felt he was in danger? We don't know, nor do we know what the settlement amount was, because the Follieri Group is too busy being possibly nonexistent to answer their phones. However, some time ago the Wall Street Journal suggested that Burkle was looking for at least $1.3 million of his money back, which is kind of a lot for a developer who doesn't really seem to develop very much. Lucky for Follieri, he can always play the Catholic card and tell Anne that Christmas really isn't about presents. It's about thanking Jesus for not putting you in jail.

Yucaipa, Follieri Settle Lawsuit [LAT]