By Kate Ward
Updated September 04, 2010 at 01:55 PM EDT

Taylor Lautner has settled his $300,000 lawsuit with Irvine, Calif.’s McMahon RV, the Associated Press reports. The Twilight actor filed the suit Monday, claiming McMahon failed to deliver a 2006 Affinity County Coach to the set of his upcoming movie Abduction in time for filming. Lautner’s lawyer said the dealership agreed to pay $40,000 to Lautner, who plans to donate the sum to children’s charity Lollipop Theater Network.