The lawsuit initially named the producer's agent, Jennifer Lee Barringer, but she was later dropped as a defendant.
A case management conference had been scheduled in the case Wednesday. Attorneys could not be immediately reached for comment on the terms of the settlement.
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According to the suit, Spector and the other defendants reserved suites at the Bonaventure in February 2007 so his attorneys and expert witnesses could stay there during Spector's first murder trial.
By the time they left the hotel seven months later, Spector had an unpaid bill of more than $104,000, which, with interest, increased to $110,145, the hotel owners claimed.
When a letter demanding payment was sent, Spector responded by conditioning any payment "upon a drastic discount of the outstanding balance," the suit states.
Spector is being re-tried for allegedly killing actress and House of Blues VIP hostess Lana Clarkson in his Alhambra mansion in 2003. His first trial ended in a mistrial when jurors deadlocked 10-2 in favor of guilt. Spector contends that Clarkson committed suicide in the foyer of his mansion.