Mario J. Gabelli smoothed wrinkles in his relationship with some charter investors last week with a $100 million settlement, according to The New York Times.

Frederick J. Mancheski, one of the Greenwich, Conn.-based money manager's first-ever investors, and David M. Perlmutter, a former attorney for Gabelli, accused Gabelli Group Capital Partners, a privately held company established in 1977, of preventing them from selling their stakes in the privately held company at fair market value. In their lawsuit, the pair claimed that Gabelli shortchanged them by only allowing them to resell their shares to his company at a lower book value, or about $50 million.

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