Velvet Underground dispute with Andy Warhol Foundation settled

'The Velvet Underground and Nico' with its Warhol sleeve

A legal fight between the rock band The Velvet Underground and the Andy Warhol Foundation is over.

Court papers made public on Wednesday said that a lawsuit brought by the band had been settled. The terms weren't disclosed.

The Velvet Underground sued last year after the foundation sold rights to the iconic banana design created by Warhol for its 1967 debut album for use on iPhone and iPad products.

The suit argued that the banana design had become a symbol of the band, and that the foundation had no right to license it.

Velvet Underground founders John Cale and Lou Reed were named as plaintiffs in the case.

AP