Broadway producer Gary Goddard has issued a statement through his lawyer denying all allegations made against him by Michael Egan.
Goddard's lawyer spoke with TMZ today and stated that all of Egan's charges are "categorically denied" by his client.
Last week, Egan accused Bryan Singer of sexual assault, claiming the director repeatedly victimized him while he was still a teenager.
At that time, Egan promised to name more names and has since accused three other Hollywood moguls of molestation.
According to Egan, Goddard is one of the men who took part in an underground "Hollywood sex ring" which targeted teenage boys.
Garth Ancier, who is also accused by Egan, issued a statement yesterday proclaiming his innocence.
Goddard has now followed suit, with the official press release from his lawyer stating:
"Mr. Goddard was not in Hawaii with Mr. Egan. He did not molest or touch or annoy Mr. Egan or commit any of the acts alleged. Also, he did not furnish any drugs or alcohol to any minor at any time."
Goddard's lawyer adds that the claims against his client are "so fantastical as to be unbelievable on their face."
If Egan's allegations turn out to be true, they could result in one of the most devastating scandals in the history of the film industry.
We'll have further updates as this story develops.