Allen Media Group chief Byron Allen has reached a settlement in the $10 billion lawsuit that he filed in 2021 alleging the fast food giant discriminated against Black-owned media companies in its TV advertising expenditures.

On Friday, the fast-food giant settled a lawsuit by the media entrepreneur Byron Allen accusing it of "racial stereotyping." The terms are confidential.

A settlement has been reached between McDonald's and Byron Allen's media companies over black-owned media advertising pledge.