Charlize Theron Settles $20M Lawsuit Brought By Swiss Watchmaker

Charlize Theron has settled the $20 million lawsuit brought by a Swiss watchmaker against the actress, Access Hollywood has learned.

In the original filing, Raymond Weil claimed that Theron had signed an endorsement deal with the company saying that from October 2005 through December 2006, the actress would only wear Weil’s high-end watches in exchange for “substantial funds.”

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However, according to the lawsuit, Weil claimed the Oscar winner had breached her endorsement contract with the company when she was “photographed wearing a watch from the Christian Dior line” at a March 14, 2006, news conference at a film festival in Austin, Texas, according to court papers said. A photo of her wearing the watch was included in the lawsuit as an exhibit.

At the time, Theron also had an endorsement deal to promote Dior perfume.

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“Although the agreement clearly prohibits (Theron) from appearing in any advertisement for any jewelry, even for charity, she appeared wearing a necklace in an advertisement benefiting an AIDS charity, violating the agreement, from February 2006 to December 2006,” the court papers said. “Plaintiffs were led to believe and had a right to believe by their written agreement that (Theron) would not promote jewelry or watches.”

While the details were not revealed, court papers filed on Monday state the lawsuit will be discontinued as long as the terms of the settlement are completed within 30 days.

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