Diageo Settles Racism Dispute With Sean ‘Diddy’ Combs (1)

Diageo Plc has settled a lawsuit with Sean Combs after the music mogul sued the British drinks company, accusing it of underinvestment in brands he fronted.

Combs, known as Diddy, had accused the spirits company of racism in neglecting liquor brands Cîroc Vodka and DeLeón Tequila, but has now withdrawn his allegations, Diageo and Combs said Tuesday. Combs since November has been accused of sexual violence in four separate lawsuits.

Diageo will be the sole owner of DeLeón and will have no further business relationship with Combs. No financial terms of the settlement were disclosed.

The accusations of racism shook ...