Stephanie Seymour's Surprise Reconciliation with Husband

Victoria's Secret model Stephanie Seymour and her husband Peter Brant made a surprise announcement in court. They are calling off their bitter divorce! INSIDE EDITION has the latest.

It's a stunning change of heart from a couple that's been going through a nasty divorce.

Victoria's Secret model Stephanie Seymour and her billionaire husband Peter Brant have announced that they are reconciling.

The news came just hours after the explosive headline "Secrets of Mogul's Mistress" appeared in the New York Post.

The article is filled with tawdry revelations from a woman who claims she had an affair with Brant.

Alyssa Pallett, a 24-year-old model and actress, claims 63-year-old Brant complained constantly about his gorgeous wife:

"He'd constantly be telling me about Stephanie and all the crazy things she did – how she did drugs, came home drunk, would leave the kids on the lawn."

Pallett also says Brant hired a private detective to follow Seymour. "He didn't think she was fit to be a mother," Pallett was quoted as saying.

But just as Pallett's revelations were published, the high-profile couple shocked everyone and called off their divorce.

"The parties have withdrawn their divorce action and are reconciling," they said in a joint statement minutes after appearing in court in Middletown, Connecticut holding hands.

They also issued a joint response to Pallet's allegations, saying:

"It is truly sad that this woman is seeking to promote herself in such a shameless manner... Her account is full of untruths, and she is exaggerating any role she had in our lives. She is totally irrelevant to us and our family."

The judge hearing the couple's case said she was glad to hear of the reconciliation and wished them well.