By Rachel Mcgrath For Dailymail.com
Published: 04:46 BST, 13 June 2019 | Updated: 04:52 BST, 13 June 2019
Hollywood filmmaker Bryan Singer has agreed to pay $150,000 to a man who claimed the director sexually assaulted him in 2003.
Carlos Sanchez-Guzman accused Singer of raping him when he was a 17-year-old high school student during a party on a yacht in Seattle.
Singer, 53, continues to deny all the allegations and his attorney said in a statement Wednesday that the decision to settle the lawsuit filed by Sanchez-Guzman two years ago 'was purely a business one,' according to The Hollywood Reporter.
Hollywood filmmaker Bryan Singer will pay $150,000 to settle a lawsuit brought by Carlos Sanchez-Guzman who claimed the director sexually assaulted him when he was 17 in 2003
The news of the settlement was revealed as part of Sanchez-Guzman's bankruptcy proceedings and has yet to be approved by a court.
The majority of the money will go to pay off Sanchez-Guzman's debts and administrative fees, court documents