Paul Marciano Resigns From Guess After

4:15 PM PT -- Lisa Bloom

says she represented 4 of the 5 accusers, who each claim they were sexually assaulted by Marciano by him groping or forcing them to perform sex acts. She says each of the women are opting to remain anonymous, and accepted the settlement because it is "preferable to litigation." 

She added the women have retained their rights to tell their story one day.Paul Marciano

is stepping down as executive chairman at

Guess after his company forked over $500,000 to 5 people who accused him of sexual harassment.

According to documents filed by Guess, Marciano resigned on Monday ... although the company will keep him on as Chief Creative Officer until January in order to make a smooth transition to a successor. He will receive his full pay until then, according to the docs.

Guess says it reached settlements with Marciano's 5 accusers. During a review of the allegations

, Guess claims it interviewed more than 40 people and combed through more than a million pages of documents and emails.

The company's Special Committee found Marciano used "poor judgment" in the way he dealt with models and photographers. They also said he put himself in situations where it was "plausible" he'd be accused of misconduct.

As we reported, Kate Upton

very publicly accused Marciano

of sexual misconduct during her photo shoots and business meetings. It's unclear if she is among the accusers who settled.

Source :

Filed Under: TMZ
Paul Marciano Resigns From Guess After


Paul Marciano Resigns From Guess After