The City of Sydney has settled a legal battle with Moses Obeid over street poles, admitting it would be more expensive to fight on than to walk away. Mr Obeid, the middle son of corrupt former Labor minister Eddie Obeid, was ordered by the Supreme Court in 2012 to pay $12 million in damages. The court said Mr Obeid's company, Streetscape Projects, had breached a licence agreement with the council to use the intellectual property in multifunction street poles known as ''smartpoles''. The settlement reportedly involves each side paying their multimillion-dollar legal costs, but no damages will be paid.