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Business News Legal
Velvet Underground settle with Warhol Foundation over banana
By Chris Cooke | Published on Thursday 30 May 2013
The Velvet Underground have settled their legal grievances with The Andy Warhol Foundation over the iconic artwork from their 1967 album ‘The Velvet Underground & Nico’.
As previously reported, reps for Lou Reed, John Cale and other former Velvet Underground members began legal proceedings last year over the commercial use by the Foundation of the famous Warhol banana image that appeared on the record. The use of the image on various products implied endorsement by the long defunct band, the claimants argued.
The Foundation initially called for the slightly complicated case – which ultimately relied, in the main, on trademark law – to be dismissed on legal grounds, but then earlier this month wrote to the court requesting the case be closed because a confidential out of court settlement had been reached between all parties. A judge has duly dismissed the case.
