Singer's lawyer says he never knew him before he made the accusation and didn't commit the alleged act.
The bankruptcy trustee noted that 'there is no evidence to support the allegation that Singer ever attended a party on a yacht with Guzman - something that Singer denies ever occurred, ' per THR.com.
Variety reports that producer/director Bryan Singer, who was one of the earliest people to be called out for his alleged vile behavior by the #MeToo movement, is now paying $150,000 to resolve allegations that he raped a 17-year-old boy in 2003.
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.
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In a deal struck in recent days, the multiple X-Men flick helmer will hand over $150,000 to Cesar Sanchez-Guzman's bankruptcy trustee to see the sexual abuse claim disappear. Sanchez-Guzman will end up with the remainder.
The filing on Wednesday means the creditors, represented by attorney Rory C. Livesey, will receive $61,000, while additional funds will be used to pay for the "administration of the case".
In a statement to Variety, his lawyer said the settlement was not an admission of guilt by Singer. "The decision to resolve the matter with the bankruptcy trustee was purely a business one, as litigation costs would well exceed the amount requested by the trustee to pay off the creditors who were owed money when the debtor filed for bankruptcy".
His creditors reopened the 2014 bankruptcy case, arguing that Mr Sanchez-Guzman did not list the potential proceeds from a lawsuit against Singer as an asset.
In January, the Atlantic published allegations of sexual misconduct involving four teenage boys.