Shia LeBeouf who was fired in Broadway's Orphans last February has reached a confidential settlement with the producers over a grievance filed by the actor to Actors' Equity Association.

Fred Zollo and Robert Cole, the show's producers, released the statement:

"We regret the circumstances that caused Shia's departure from Orphans. Shia is a gifted actor whose full preparation to undertake the role of Treat demonstrated his respect and devotion to the Play. The parties recognize that neither Mr. LaBeouf nor the Producers was at fault. We have the utmost respect for Shia and his acting abilities, and would welcome the opportunity to work with him in the future. The terms and conditions of the parties' settlement are confidential."

The issue began when LeBeouf had a rift with Daniel Sullivan, the play's director, and Alec Baldwin during a rehearsal. It was reported that LeBeouf slammed Baldwin for not learning the lines quickly as he did. The 27-year old actor took his outburst over twitter and revealed the email exchange between him and the director.

The actor's message was a description of what it means to be a man and an apology to Baldwin for the "dis-agreeable situation".

Sullivan, 72, in return responded to LeBeouf, "I'm too old for disagreeable situations.... Alec is who he is. You are who you are. You two are incompatible. I should have known it. This one will haunt me."

The press representatives of Orphans released a statement saying that LeBeouf "will be parting ways and (he) will not continue with the production" due to creative differences. LeBeouf was replaced by Ben Foster.

In an interview with the New York Times, Baldwin expressed disappointment over LeBeouf's outburst stating that the actor "didn't really care about" the latter's "personal issues" at the beginning fo the rehearsals. "I tend to panic at the onset of rehearsal-and then take a deep breath and tell yourself at the end...you will be O.K.," he said.

Meanwhile, the "Transformers" actor is busy with his role for an upcoming World War II film with Brad Pitt titled Fury. The actor is also set to appear in Lar Von Trier's controversial film, Nymphoniac, with Uma Thurman, Christian Slater and Willem Dafoe in December.

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