Following a nasty high-profile split, Mary-Kate Olsen and Olivier Sarkozy have finally reached a divorce settlement.
"As of this morning, we reached a final agreement," his lawyer told a judge during a video hearing on Jan. 13, according to Page Six.
Mary-Kate's attorney agreed that the former duo have come to terms.
"Yes, your honor, that is correct, everything is resolved," her lawyer said. "We've been working very hard. We do have a settlement."
A New York judge is expected to receive details of the settlement next week.
The fashion mogul officially filed for divorce from her husband of less than five years in May 2020, but she had plans to split earlier. In fact, Mary-Kate tried filing for divorce in New York in mid-April, but she was informed that New York City courts would not accept divorce filings due to the Covid-19 pandemic unless that filing is an emergency — which she claimed it was.
"This application is an emergency because my husband expects me to move out of our home on Monday, May 18, 2020, in the middle of New York City being on pause due to COVID-19," she said in her paperwork . "I am petrified that my husband is trying to deprive me of the home we have lived in and if he is successful, I will not only lose my home but I risk losing my personal property as well."
She claimed that the only way to protect her property is through a divorce filing, which would trigger an automatic court order preventing him from disposing of her belongings.
The court felt her argument for wanting a divorce was hardly an emergency and told her she had to wait until she could formally file. On the first day New York City courts were taking cases again, the "Full House" star filed divorce paperwork.
"It was clear my marriage was over," she said in the official documents. "The relationship has broken down irretrievably."
Following the split, she rented a summer home in the Hamptons for $325,000.