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Farrell Sex Tape Agreement Reached

WWW- They may not have kissed, but estranged lovers Colin Farrell and Nicole Narain have made up.

The actor and the former Playboy Playmate just reached a deal in their legal tussle over their infamous sex tape.

“It’s an amicable settlement,” Narain’s lawyer, Leodis Matthews, tells us. “We were able to completely resolve it. The terms are confidential.”

Farrell, Narain and their lawyers spent almost five hours on Easter Sunday in New York wrangling with an arbitrator over the agreement.

The two hadn’t seen each other face to face since word leaked last year that representatives for Narain were peddling an explicit video from the couple’s romp.

Matthews insists that there was “no tension” between the former couple. But we hear that they sat on opposite ends of the negotiating table – and in separate rooms – and that ­Farrell showed little affection for the woman who, so far, has cost him an estimated $500,000 in legal fees.

Also present at the summit were Phoenix-based agent David Hans Schmidt and representatives for the Internet Commerce Group (ICG), who together had hoped to sell the tape.

Farrell is pressing ahead with his suit against ICG. Schmidt wouldn’t tell us where he stands in the litigation. “I have some major decisions to make,” said the agent, who could be a major asset to Farrell’s team.

Yesterday, tempers flared between Farrell’s Rottweiler lawyer, Marty Singer, and counsel for ICG, who demanded to videotape their grilling of the star.

Farrell’s attorneys fear ICG might release footage of the actor talking about his sex life. “You want to start World War III?” Singer challenged opposing counsel, according to an earwitness.

Sources say Farrell finally agreed to be taped after ICG agreed not to release the video. But some believe ICG execs may still ask a judge to make the tape public and might bring suit against Narain for allegedly breaching her contract by settling with Farrell.

The case is due for trial in L.A. Superior Court on July 21.

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