Published Tuesday, 02 October 2012
American actor Nicolas Cage. (© Getty)
In one of the fastest cases of its kind, Paul Tweed also negotiated undisclosed damages from the publishers of the Daily Mail's online edition on behalf of the actor.
Cage, who won a Best Actor Oscar for his portrayal of a suicidal alcoholic in Leaving Las Vegas, sued over a story published last month.
The article centred how late he was in returning DVDs hired out from his local rental store.
But the actor, famous for his roles in Ghostrider, Bad Lieutenant, Con Air, National Treasure and The Rock, issued proceedings over other claims made in the MailOnline.
Mr Tweed, senior partner in Johnsons Law, has represented a string of stars including Harrison Ford, Britney Spears and Jennifer Lopez.
He confirmed a settlement has now been reached within a month of taking action on behalf of Cage.
He said: "My client has secured a complete vindication of his reputation following the publication of a categoric retraction by the MailOnline for what they immediately acknowledged was a completely unfounded and defamatory allegation of tax evasion.
"While my client acknowledges the MailOnline's prompt apology, which was one of the quickest that I have negotiated in recent times, together with the payment of undisclosed damages and his legal costs, he nonetheless remains very concerned that such a false and outrageous headline should have been published in the first place."