In January, The Atlantic published a yearlong investigation of allegations against Singer from several men who said they were underage when Singer allegedly assaulted them.
Singer has denied even knowing Sanchez-Guzman, and his lawyer reminds the media that the settlement is a "business decision" and is not an admission of guilt.More news: Pelosi says she's 'done' with Trump after latest insults
Singer's attorney said that his client denies the assault and that he agreed to pay the settlement for business reasons related to Cesar Sanchez-Guzman's bankruptcy case. However, it was later reopened after his creditors claimed he didn't list the potential proceeds from the lawsuit against Singer as an asset. Sanchez-Guzman will received the rest of the funds.
"The debtor filed a claim against Mr. Singer that he had no basis or legal right to file", Brettler said.
Under the terms of the agreement, $61,000 would go to creditors. Variety says the bulk of those claims represent student loan debt, and Sanchez-Guzman will get $150,000.More news: Canada: no more single-use plastics
Sanchez-Guzman first filed for bankruptcy in 2014 and it was subsequently discharged.
Much of the $150,000 will be handed over to Sanchez-Guzman's creditors in his bankruptcy proceedings. Sanchez-Guzman filed a lawsuit against Singer in December 2017, just days after the director was sacked from Bohemian Rhapsody.
The trustee noted that it would be enough money to pay off the $US61,000 in claims against Mr Sanchez-Guzman, pay the costs of administering the case and leave money left over for him. More recently, Millennium Films had hired Singer to direct "Red Sonja", but plans to shoot the film in Bulgaria this year were canceled.More news: Antitrust Issues Against Big Tech Worth Exploring