The publishers of both the British and American editions of OK! magazine have agreed to pay an undisclosed but “substantial” out-of-court settlement in the libel case David Hasselhoff brought against them. The July 3 UK edition of OK! accused the 55-year-old Hasselhoff of being “off his face” and abusive in a club shortly after winning a custody battle for his daughters. And the day before that, the US edition of OK! Weekly reported that Hasselhoff “drank champagne like it was water” at Les Deux (which incidentally shares a parking lot with World of Wonder). “The very day these lies surfaced I had made a promise not only to the court but also to my daughters that I absolutely would not drink alcohol and I shall continue to do my best to keep that promise,” Hasselhoff said. “To say that hours later I reneged on that promise and was drunkenly abusing people in a bar was not only an outrage to me and my family but damaging professionally as well.” The defendants will each publish an apology. (Source; AP photo)