A Manhattan judge ruled that Saide, who took a loan from his actor nephew in 2009, will have to pay the borrowed amount with interest of 9 per cent in accordance with the terms of the deal, reported Daily Mirror.
As part of the initial agreement Sadie was supposed to repay the amount in 15 instalments of USD 53,333, which he could not.
Saide used the money to support his employment business during the recession period.
The judge asked the duo to settle the matter out of court after LaBeouf filed a lawsuit late last year.
Saide was ordered to pay the entire lump sum, plus interest and legal fees.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
