$7M deal OK'd in suit against John Ludwig - FOX Carolina 21

$7M deal OK'd in suit against John Ludwig

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John Ludwig in court. (File/FOX Carolina) John Ludwig in court. (File/FOX Carolina)

A federal court has approved a settlement ending a lawsuit against a South Carolina man who avoided prison in the fatal Maserati crash that killed a homeowner.

A judge last week signed a deal ordering 39-year-old John Ludwig's former company to pay a creditor nearly $7 million.

In October, a judge ordered a third party to take control of Ludwig's real estate properties after the creditor sued the entrepreneur, accusing him of hiding $2 million.

Ludwig was forced to sell his information technology company SDI Networks after a collection of legal and personal issues.

Ludwig drove his speeding Maserati through a Greenville home in 2009, killing the homeowner as he watched television. Ludwig is currently serving three years in prison on an unrelated assault charge.

Copyright 2012 The Associated Press. All rights reserved.

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