It appears that photographer Annie Leibovitz and her lenders have settled a dispute over a $24 milllion loan that jeopardized her control over her works and several properties. In a joint statement sent to the media minutes ago, representatives for Leibovitz and Art Capital Group said:

"The agreement will result in the withdrawal of the suit that Art Capital filed against Ms. Leibovitz on July 29, 2009 and extends the maturity date for the $24 million loan Art Capital provided Ms. Leibovitz, which was originally due on September 8, 2009. Ms. Leibovitz has also purchased from Art Capital its rights to act as exclusive agent in the sale of her real property and copyrights. Ms. Leibovitz will therefore retain control of those assets within the context of the loan agreement which shall prevail until satisfied."

I wouldn't expect to see Leibovitz starting to dine at Early Bird Specials or shopping at thrft stores, but let's hope her financial problems stabilize.

AP photo