Britney Spears has settled a lawsuit filed by Fernando Flores, a bodyguard who worked for her for a very short time -- a bodyguard who claimed Britney was a sex-crazed maniac who came on to him and flashed him.
Sources close to Britney say the lawsuit is total B.S. -- he worked for her for about a minute.
Nonetheless ... Britney decided to end the lawsuit after going before a private mediator ... and it's officially case closed.
As for whether Britney paid Flores any loot ... no one is talking. The terms of the settlement are confidential.