Amanda Knox may have been acquitted from the Meredith Kercher murder case on Oct.3, but ever since she has been tangled up in rumors that Kercher's family are getting ready to sue her for $12 million - a claim that was slammed by Kercher's father on Tuesday.

Both Yahoo News and ABC News ran reports on Oct.10th that the Kercher family was preparing to potentially sue Amanda Knox, who had been acquitted after initiially being convicted in the Meredith Kercher murder case.

Meredith's family are appalled at Knox's plans to make big-money media deals after being cleared of the murder charges, Yahoo News reported adding that her boyfriend Raffaele Sollecito, 27, and drifter Rudy Guede, 24, were told to pay the Kerchers 7.7million pounds when they were convicted.

The reports have since been shunned by the father of the murder victim, John Kercher, who told the Sun newspaper on Tuesday that his family would not be accepting a penny from Knox.

Kercher explained that their civil claim- and an £8million damages award made when Knox was convicted - were symbolic in Italian law. I find it distasteful that Knox stands to make millions from what happened to Meredith. I don't think anyone should make money out of it - not us, not them, he said.

How would any parent feel if their daughter's murder was to be turned into a movie for people's entertainment? We would not take a single cent from Amanda Knox, Kercher added.

Knox, 24, and former boyfriend Raffaele Sollecito, 27, were finally acquitted on Oct.3 after they were convicted of murdering Kercher in 2009. Know was sentenced to 26 years in prison following her conviction and Sollecito was given 25 years.

Kercher was found lying semi-naked in a pool of blood with her throat slit in her apartment in the university town of Perugia.

Hope started to grow for Knox in her appeal after a panel of forensic experts issued a report that deemed key DNA evidence to be contaminated and poorly handled, saying it should have been presented in court.

A jury consisting of six Italian citizens and two judges delivered the verdict on live television after more than 11 hours of deliberations, making a nervous Amanda Knox break down in tears. The acquittals can be appealed to the Italian Supreme Court, and prosecutors indicated they would appeal, The Seattle Times reported.