The wrestler sued the cereal maker Post Foods LLC in May, claiming his likeness was being used in an ad without his permission. The St. Petersburg Times reported Wednesday that the suit had been settled.
Hogan, whose real name is Terry Bollea, took issue with a "Cocoa Smashdown" TV ad featuring a blond-haired wrestler with a championship belt and mustache that resembled Hogan.
Hogan's attorney, Joseph W. Bain, wouldn't disclose the terms of the settlement, but says the commercial is no longer being aired and the lawsuit has been dismissed.
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