A call to Rockstar Beverage Corp.'s attorney was not immediately returned Monday. Barker's lawyer, Gregory Weisman, said both parties were still working out terms. He declined to elaborate until the deal is completed.
Barker's lawsuit claimed invasion of privacy, unfair competition and misappropriating his likeness to promote the product.
The lawsuit said the Rockstar Web site published a photo of the 32-year-old Barker "holding a can of one of Rockstar's beverages, and identifying him and his endorsement by name" without his consent.