Ex-boxer settles dispute with Stallone over 'Rocky'

Chuck Wepner has ended his bid to get compensation from Sylvester Stallone for using him as the inspiration for his "Rocky" movies.

Lawyers for Wepner and Stallone filed notice in U.S. District Court last week that they have settled the 2003 lawsuit for undisclosed terms.

Wepner had maintained that although he was the inspiration for Stallone's Rocky Balboa character, the actor never made good on promises that he would get payment.

The former heavyweight boxer claimed Stallone improperly used his name to promote the "Rocky" films, while Stallone countered that Wepner had already benefited by making public appearances as "the real Rocky."

Stallone has said that he was working on a screenplay about a fighter when he watched Wepner nearly go the distance with heavyweight champion Muhammad Ali in 1975.