Former Two and a Half Men star Charlie Sheen has settled with Warner Bros. and the show’s executive producer, Chuck Lorre, RadarOnline.com has learned.

After Sheen was fired from the show following his public fallout with Lorre this past spring, he sued Warner Bros. for $100 million for wrongful termination.

“Warner Bros. Television, Chuck Lorre and Charlie Sheen have resolved their dispute to the parties’ mutual satisfaction,” the official statement reads.

Charlie Sheen is suing the arbitration company that Warner Bros. Television hired to litigate after the actor filed a multi million dollar lawsuit against the studio, and Chuck Lorre, creator of Two and a Half Men – the hit sitcom Sheen was fired from.

In documents, exclusively obtained by RadarOnline.com, Sheen claims that the arbitration company didn't provide him with enough notice to prepare for the proceedings and he is suing for declaratory relief.

EXCLUSIVE DOCUMENTS: Sheen Sues Arbitration Company

Declaratory relief is asking the court to formally step in and issue orders about the pending matter. This is done routinely in lawsuits that involve labor disputes. Sheen is seeking to HALT all arbitration proceedings, and is asking the Court to order that JAMS formally do so, until the Court rules on the matter.

CBS wants Charlie Sheen back on its Two and a Half Men, and they want him back now, RadarOnline.com is reporting exclusively.

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The top exec at the Eye network is ready, willing, and able to forgive and forget all of Sheen's recent antics and continue broadcasting the series, with Sheen back in the starring role, a well-placed insider tells us.

According to our source, CBS President and CEO Les Moonves has been speaking directly with top execs at Warner Bros. Television -- the company that produces Men and also fired Sheen.

Charlie Sheen is on a rampage after being fired from his hit TV show Two and a Half Men and he is appearing on Ustream live, once again, to give his first on-camera response to being terminated from CBS’s highest rated sitcom.

You can watch Charlie live at 10pm ET, here on RadarOnline.com. 

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Live from the “Sober Valley Lodge,” Sheen will take questions from fans about the wild 24-hours since he was unceremoniously fired from his job.

Warner Bros. Television has hired two high powered attorneys to handle the legal fight with Charlie Sheen over the Two and a Half Men situation RadarOnline.com has learned.

According to the Hollywood Reporter the studio has hired Ron Olsen and John Spiegel of Munger Tolles & Olsen, a high powered Los Angeles law firm, to represent them through negotiations about the future of the show.

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The duo represented Warner Bros. a few years ago in litigation with CBS over profits from Two and a Half Men.

As RadarOnline.com exclusively reported, Los Angeles' top attorney Marty Singer sent a stinging letter to Warner Bros. and CBS threatening a lawsuit if the network and studio don't restart production on TV's most-watched sitcom.

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He took aim at the show's creator and writer, Chuck Lorre, claiming that Warner Bros. and CBS canceled the show episodes "not because of my client's condition but in retaliation for your show runner being criticized." He also accuses them of "pampering" Lorre.

Citing the decision to cancel production of Two and a Half Men for the rest of the season, Singer writes:  "This action is outrageous and in direct violation of our client's legal rights, including under the contract between our client and Warner Bros. Television with regard to Two and a Half Men ("the Series"). Our client is entitled to be paid for eight additional episodes under his contract on the Series."

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Sheen is ready to work and is clean and sober, the letter states. "Furthermore, my client is clean and sober and has passed every drug test requested. In fact, he took passing tests this weekend."

As RadarOnline.com has exclusively reported, Charlie has passed multiple drug tests over the past week.

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CBS and Warner Brothers announced Friday that they were suspending production of Two and a Half Men for the rest of the season because of Sheen's "statements, conduct and condition."

Friday morning Charlie told Access Hollywood Live that there was a "dialogue" about the future of the show.  "I'm excited," he said.  "I think everyone is getting ready to come to the table."

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Simon Baker has 30 million reasons to be happy this holiday season, RadarOnline.com has learned. The Mentalist star is in the process of finalizing a new $30 million deal with Warner Bros. Television for his services on his CBS series.

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According to Deadline Hollywood, Baker's original five-year contract is being extended an additional season; he's in season three right now.  The new deal gives him a bigger piece of the profits as the episodes are sold into syndication and will give him a producer credit beginning in season five.

It's essentially a $10 million a year package for the next three seasons beginning in the Fall.

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While not quite Charlie Sheen money -- he makes almost $30 million a season! -- the deal is presumably giving the 41-year-old Australian actor one very merry Christmas.

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