Report: Lawsuit against Bush settled

Lawyers for former Trojans running back Reggie Bush and would-be sports marketer Lloyd Lake reached a settlement late Tuesday in a civil case brought by Lake focusing on $300,000 worth in cash and goods allegedly provided to the former USC star, Yahoo! Sports reported.

The deal comes just three days before Bush had been ordered to give a deposition in a San Diego court, meaning NCAA investigators will never see Bush's statement on the case. It also appears the last obstacle has been removed on the path to a decision from the NCAA on the USC athletic investigation.

Lake had originally been scheduled to give a deposition Monday, but postponements that day and Tuesday led to speculation a settlement was on its way. Bush's lawyers have now reached settlements with both Lake and Michael Michaels, the financial backer behind the New Era Sports & Entertainment venture.

The amount of the Bush-Lake settlement has not been released. Reports had the Bush-Michaels settlement, announced in April 2007, at between $200,000 and $300,000.

If the NCAA rules Bush did receive against-the-rules benefits during his time at USC, he could lose his Heisman Trophy from the 2005 season — and USC could also lose its national championship from the 2004 season.

The NCAA Committee on Infractions typically takes six to eight weeks to rule on a case; the committee met with USC the weekend of Feb. 19. Monday marked eight weeks since the Tempe, Ariz. meeting ended.