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Charlize Theron, Swiss watchmaker settle lawsuit

Oscar-winner Charlize Theron has settled a 20- million-dollar lawsuit brought against her by a Swiss luxury watch company, reports said Tuesday.

Last year, the company, Raymond Weil threatened to sue the 33- year-old actress for an estimated 20 million dollars in damages for wearing another brand.

Theron had worn a timepiece by Christian Dior at a press event, despite having entered into a long-term exclusive deal with Raymond Weil, People magazine reported.

The terms of the settlement were not known. The case, for which papers had been filed in a federal court in New York, would be terminated once the deal is implemented in 30 days.

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