LOUISVILLE, Ky. (AP) - A Louisville millionaire and an Alabama gun collector he accused in a lawsuit of cheating him by marking up prices on world-class antique firearms have settled their dispute, a federal judge said.

The judge dismissed the lawsuit filed by Owsley Brown Frazier against Michael K. Salisbury in 2004, claiming Salisbury overcharged him by more than $1.5 million for a slew of famous guns.

U.S. District Judge John Heyburn wrote in the dismissal order Thursday that the two parties had reached a settlement. The terms of the settlement were not disclosed.

Attorneys for Frazier and Salisbury did not immediately return phone calls Monday. A phone call to Salisbury's home was not returned.

Salisbury, of Owens Crossroads, Ala., befriended Frazier in the late 1990s, and Frazier enlisted him to amass a firearms collection for a Louisville museum Frazier was developing. He traveled the country, finding weapons that belonged to Gen. George Custer, the Apache chief Geronimo and Theodore Roosevelt, according to court records.

But their friendship soured and Frazier, a descendant of the founder of liquor giant Brown-Forman, sued Salisbury, alleging the collector was inflating prices to turn a hefty profit.

In 2006, federal prosecutors announced a criminal case against Salisbury and his wife, Karen Cruse Salisbury, after they were indicted on fraud and money laundering charges. The indictment alleged that in one instance in 1999, Salisbury bought Custer's Colt pistols for $235,000, but told Frazier that the guns were worth $300,000.

In the criminal trial last year, both were acquitted of all felony charges. Salisbury's attorneys had argued throughout the trial that Frazier had set up an off-the-books agreement so Salisbury could turn a profit for his efforts.

Salisbury was convicted, however, on two misdemeanor charges of failing to pay taxes and sentenced to two years in prison. A judge is allowing him to stay out of prison while the conviction is appealed.

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