The two-page filing dated Friday says only that Durant and his company - K. Durant Enterprises LLC - had agreed to dismiss the lawsuit filed by Durant in December against Joel Lynn Elliott in federal court in San Jose, Calif. The filing does not say whether there is a settlement.
Attorneys for Durant and Elliott did not return phone calls to their offices.
The lawsuit alleged that the California-based Elliott deducted some personal expenses as business expenses on Durant's taxes without proper documentation. It alleged professional negligence, breach of fiduciary duty and breach of contract and sought $200,000 for each of the three counts.