Maris Family Settlement Includes $120 Million

Anheuser-Busch Cos., the world’s largest brewer, said the terms of a legal settlement with the family of late baseball home run king Roger Maris included a payment of $120 million in cash.

The company announced the settlement Tuesday to resolve a defamation lawsuit that was nearing a verdict and a breach-of-contract suit that reached a $139-million verdict four years ago. The $120-million payment disclosed by Anheuser-Busch in a Securities and Exchange Commission filing isn’t the total amount of the settlement, Maris family attorneys said.

An Anheuser-Busch spokesman said he couldn’t answer questions about the settlement, including whether the brewer’s insurers also would be paying money to the Maris family.

Anheuser-Busch shares fell 25 cents to $44.20.