QUICK TAKES - May 23, 2009

Ed McMahon and a creditor settled their financial dispute, paving the way for dismissal of the creditor’s lawsuit, a judge said Friday. Details were not released.

Westmoore Lending of Huntington Beach sued McMahon and his wife, Pamela, in Los Angeles Superior Court last August for more than $250,000 it said the 86-year-old former “Tonight Show” emcee owes from a 2006 loan.

The lawsuit did not specify what the McMahons borrowed the money for, but claimed they defaulted in early 2007.