Theron settles lawsuit with watchmaker

Charlize Theron has settled a $20m (€15.5m) lawsuit with the luxury watchmaker that accused her of breach of contract.

Bosses at Swiss company Raymond Weil claimed they paid Theron the sum to wear

its watches exclusively between October 2005 and December 2006.

According to court documents, Theron broke their agreement when she "was actually photographed wearing a watch from the Christian Dior line" at a press event in Austin, Texas on 14 March, 2006.

The following month, Theron modelled a Montblanc watch on a billboard at a Swiss trade show.

Company executives added the violations "demonstrate a total disregard by (Theron) for any of her obligations under the agreement".

The settlement follows her lawyers' failed attempts to have the case dismissed.

New court documents filed in Manhattan Federal Court reveal the suit will be tossed when it is finalised within 30 days.

Terms of the settlement in the have not been disclosed.