Paris Hilton No Longer Being Sued By Hairtech

Paris Hilton is no longer being sued by Hairtech International, a manufacturer and distributor of hair extensions, Radar Online has exclusively learned.

The company agreed to dismiss the lawsuit against the hotel heiress after a settlement was reached, and while terms of the deal are being kept confidential, we know that Hilton will not be paying any money to Hairtech as part of the agreement.

Paris tells Radar Online: "I'm thrilled with this result. It is certainly not unusual for business people to have their disagreements, but I am glad that Chris (Volek, Hairtech, Principal) has acknowledged the hard work and dedication I put into promoting his products."

Volek concurs with Paris, and says: "It was only after we got into the case that I realized the information I received from others on which I based the lawsuit was not accurate, and I only wish the best for Paris and her family. As I have told Paris many times, Paris is a true professional and invaluable to the promotion of any product she touches."

Hairtech filed a breach of contract lawsuit against Paris for breach of contract after they claimed she was wearing a competitor's hair extensions.

Hilton then filed her own counter-lawsuit against Hairtech; she too has dismissed her suit.

Credit: Radar Online

Paris Hilton's Tangled Weave May Cost Her $70M

Here's the good news -- Paris Hilton is way more marketable than first thought. The bad news ... it could cost her $70 million dollars.

Hairtech International has amended its lawsuit against Paris, claiming she's cost them $70 mil in profits by reneging on her deal to promote and wear its hair extensions.

Hairtech -- which originally sued for $35 mil back in August -- claims Paris pocketed $3.5 mil from the company to endorse the extensions, but screwed them by wearing competing extensions.

Hairtech also claims ... when Paris went to Jail in 2007, she breached the deal by breaking the law.

Back when the suit was filed, Paris' lawyer called the action meritless, so now we're guessing he thinks it's twice as meritless.

Credit: TMZ