Linda Evangelista and French businessman Pinault’s attorneys were mum about the details, which they planned to give to a magistrate on Tuesday, CBS News reported.
The settlement came in the midst of a trial over how much, if anything, Pinault should pay toward the care of their 5-year-old son.
Both Pinault and Evangelista had testified at the trial, answering questions that delved into her career, his high-flying finances and his limited relationship with the boy.
In legal papers, she had said she was spending 46,000 dollars-a-month on armed bodyguards, a 24-hour-a-day nanny and other expenses for the boy, Augustin, nicknamed Augie.
He was born in 2006 after a four-month relationship; Pinault said he and Evangelista spent only about seven days together in all. Evangelista’s lawyer said she willingly paid all the child’s expenses at first, but she now needs some help.