Britney Reaches Financial Agreement in Hit-and-Run

Britney Spears has reached a financial agreement with the owners of the car damaged in an alleged hit-and-run, her attorney tells PEOPLE.

"It's approximately in the $1,000 range," lawyer J. Michael Flanagan says.

A check, Flanagan says, will soon be received by Kim Robard-Rifkin, owner of the 1999 Mercedes-Benz station wagon that Spears hit Aug. 6 in a San Fernando Valley parking lot with her Mercedes convertible.

Robard-Rifkin could not be reached for comment.

Spears's two misdemeanor criminal charges of hit-and-run causing property damage and driving without a valid California driver's license still stand.

But if the court sees proof of Robard-Rifkin's compensation, the hit-and-run charge will likely be dropped, says Flanagan.

"We're also working on resolving the license issue," Flanagan added. That charge can be reduced to a mere traffic infraction upon showing proof that she's licensed.

Spears was issued a California license on Oct. 2.

Her arraignment is set for Oct. 25.

Source: People.com