According to the BBC, the lawsuit filed by The Velvet Underground against the Andy Warhol Foundation for licensing its banana album cover for iPhone cases was settled yesterday. Like most settlements, the exact details aren't public, but the court papers listed Lou Reed and John Cale as plaintiffs who argued that the image had become a clear symbol of the band, and the Foundation did not have the right to its licensing. If a settlement had not been reached, the case had a trial scheduled for July 29. [via BBC and Post-Gazette]
