updated 11/04/2008 AT 10:00 AM ET
•originally published 11/04/2008 AT 10:30 AM ET
The suit was filed last year, when Swiss watchmaker Raymond Weil claimed that Theron had worn a Christian Dior watch during a press event in 2006, despite being paid “substantial funds” to exclusively wear Raymond Weil timepieces during the time in question.
While the details were not released, the papers do say that the suit will be discontinued as long as the terms of the settlement are completed within 30 days.
– Ryan Pienciak