courtneytwittersuit.jpgCourtney Love is finalizing a settlement to pay $430,000 to a fashion designer who claims Love defamed her on the micro-blogging site Twitter.

Dawn Simorangkir (aka the “Boudior Queen”) sued Love after Courtney posted a series of nasty tweets (in one Courtney called her an “@sswipe nasty lying hosebag thief”) claiming the allegedly defamatory rants ruined her business.

The case was being closely watched for being one of the first of its kind, over what constitutes defamation on Twitter.

Courtney, who avoided a scheduled trial in January, claimed that her tweets were just a form of personal expression and not defamation, but due to Love's celebrity and enormous number of followers, Simorangkir thought she has a case.

"The amount of the settlement says it all," Simorangkir's attorney told 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.”

But Court's attorney thinks the designer won bragging rights, and not much else. "Because of the extended payout it's a modest settlement," he said.

So will Courtney watch her tongue on Twitter in the future? Well...