New court filings show that the Backstreet Boys have settled their claims against their creator, Lou Pearlman, whose bankruptcy filing preceded the onetime music mogul’s arrest on fraud charges, the Wall Street Journal reported today. The pop singers said that Pearlman and his Trans Continental Records owed them roughly $3.5 million. Those claims had been challenged last year by a bankruptcy trustee on the grounds that they lacked the necessary proof to back them up. The fighting continued into this year when a bankruptcy judge ordered lawyers for the band and the trustee to work it out. Under the settlement, the Backstreet Boys will receive $99,000 on account of their claims. They’ll also get to take possession of a variety of recordings of their music as well as a “Star Trek Adventure” VHS tape.
