In an arrangement being finalized today and set to be officially announced next week, Courtney Love will pay $430,000 to settle the infamous Twitter defamation lawsuit filed against her by Texas fashion designer Dawn Simorangkir (@boudoirqueen). The Hollywood Reporter this afternoon has the exclusive details:

“The amount of the settlement says it all,” Simorangkir attorney Bryan Freedman tells THR. “Her reprehensible defamatory comments were completely false and $430,000 is quite a significant way to say I am sorry. One would hope that, given this disaster, restraint of pen, tongue, and tweet would guide Ms. Love’s future conduct.”

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But per the THR, Esq. preview of proceedings set to begin in LA January 18th, that honor may very well belong instead to Jessie Stricchiola (pictured). She is the San Francisco based expert witness for hire who has been enlisted, on behalf of plaintiff Simorangkir, with quantifying the damage done by Love’s allegedly abusive torrent of spring 2009 tweets.

To aid her case, Simorangkir plans to call to the stand Stricchiola, a social media expert who was tasked with studying how many people saw the Love rants and what kind of credibility is given to statements made on a casual forum like Twitter. Stricchiola will report her findings at trial.

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