Supermodel Linda Evangelista and a billionaire French businessman Francois-Henri Pinaul, the husband of actress Salma Hayek, have reached an agreement in their child support case, reports the Associated Press.
Lawyers for both parties will give the details to a magistrate on May 8. The two were in court last week over child support for their five-year-old son Augustin James.
Evangelista first revealed Pinault was the father of her child last year when she filed a request for child support in a New York court in August 2011.
The model took Pinault to court to ensure that he pays for child-rearing expenses. The model is reportedly requesting nearly $46,000 a month, a sum that includes expenses like armed bodyguards, a 24 hour nanny as well as other costs. Evangelista has been raising the child alone so far.
Evangelista, 46, is a former supermodel who donned the covers of hundreds of magazines during the 1980s and 1990s. Pinault, 49, is the chief executive of a company called PPR, which owns luxury brands like Gucci and Yves St. Laurent.
During testimony last week, Pinault claimed that the two only spent about seven days total together when they dated for four months in late 2005 to early 2006.
Pinault has three confirmed children, a 4-year-old daughter with Hayek, 45, and a son and daughter from a previous first marriage.
Pinault met Hayek in Venice in May of 2006, months after Evangelista's son was conceived, and in March 2007, the two announced that the actress was pregnant and that they were engaged. They welcomed their daughter, Valentina Paloma, on September 21 of that year.
In July 2008, the two announced they had split and called off their engagement. They reconciled several months later and married on Feb. 14, 2009 - Valentine's Day - in Paris. They had a second, larger wedding on April 25 of that year in Venice, where they met.