The news of the settlement comes just two weeks after the temporary restraining order was originally granted.
A divorce settlement has been reached between the famed TV producer and the former Miss America, according to multiple reports. Laura has also reportedly dropped the temporary restraining order against Micheal, which was granted two weeks ago, the request for which contained her claims of domestic violence.
Laura, 31, previously accused her husband of threatening her and multiple acts of physical violence in court documents obtained by ET on July 16. These claims were made in legal docs requesting the temporary restraining order, which has been dropped as part of their settlement.
As TMZ first reported, Laura will get $10 million as part of their settlement. Additionally they will equally share joint physical and legal custody of their 4-year-old son, Benjamin.
The former beauty pageant star married Michael, 55, in 2014. He had previously been a judge during the 2012 Miss America contest, which Laura won. They welcomed their son in May 2015.
In the days prior to July 4, Laura informed Michael that she was pregnant with their second child, according to her original court documents.
Michael filed for divorce on July 9, citing "irreconcilable differences."
The restraining order Laura was granted included the couple's son under the auspices of its protections. Michael was ordered to remain at least 100 yards away and was advised that he had to vacate their home.
Michael subsequently denied the allegations made by his ex in a response declaration, obtained by ET on July 17, in which the producer claims, "I have not hurt, attacked, or attempted to physically harm Laura or our child."
As previously reported, Michael was, at one time, being investigated by police in Kauai, Hawaii -- where the couple lived -- over Laura's previous allegations of violence and threats.
ET has reached out to Michael and Laura's reps for comment.
For more on the high-profile and contentious split, watch the video below.