Charlize Sued for $20 Million

Oscar-winner Charlize Theron may be a designer's favorite on the red carpet, but she's no longer popular with one celebrity endorser!

The Daily News is reporting that the blond beauty, 33, is being sued for $20 million for reportedly not following through with her endorsement contract with Swiss company Raymond Weil.

The company is accusing Theron of failing to wear their watches--and only their watches--24/7.  The actress fought back in February, but last week a judge ruled that the case must go to trial.