Teri Hatcher Lawsuit Dropped by Hydroderm

Last year, Hydroderm alleged in a $2.8 million lawsuit that Teri Hatcher had entered into an "exclusive endorsement deal" in 2005, only to sing the praises of City Cosmetics. The actress responded that she had "done absolutely nothing wrong" and vowed to aggressively fight the lawsuit, which went into arbitration.

Now Hydroderm has apologized to Teri Hatcher and has retracted the allegations, with Hydroderm spokesperson Joshua McCleary releasing this statement:

"Hydroderm LLC has specifically retracted all accusations made against Teri Hatcher including that she endorsed any competing products. Teri Hatcher is a woman of the highest integrity. We sincerely apologize for the adverse publicity resulting from our lawsuit."

Hatcher also received an undisclosed amount of money.

Good lawyers like this are hard to find.