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DIDDY SETTLES PARTY PUNCH-OUT LAWSUIT

Sean Combs has settled a lawsuit brought by a man who said the rap impresario punched him at a 2007 Oscar party.

In the lawsuit filed last year, Gerard Rechnitzer says he and his girlfriend were leaving an event at Teddy’s at the Hollywood Roosevelt Hotel around 2 a.m. when Combs punched him without warning while the rapper was talking to his girlfriend.

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