Hull settle out of court with ex-chairman Paul Duffen
Hull reached the Premier League under Duffen's guidance
Hull City have settled their financial dispute with former chairman Paul Duffen out of court to "bring an end to all disputes between the parties".
The Premier League club had accused Duffen of spending company money for his own personal use.
The club had also alleged Duffen's company received payments from agents in return for using those agents to deal with the transfer of players.
Duffen had denied the allegations at a preliminary hearing at the High Court.
A statement read: "Further to a statement made on 22 January 2010 regarding legal action commenced by Hull City against its former chief executive officer, we are pleased to confirm that we have agreed settlement on terms satisfactory to the club."
In January, new Hull chairman Adam Pearson claimed insufficient care had been taken over transfers and the deals.
Duffen was part of a consortium that bought the Tigers from Pearson in June 2007, the year before they were promoted to the Premier League.
They began the 2008-09 season well but struggled towards the end of the season and only escaped relegation on the last day of the campaign.
Duffen stepped down as executive chairman of the club and Superstadium Management Company Ltd in October 2009, with Pearson returning to the club as chairman.
At the time, a formal statement said the club wished "to express its gratitude to Paul for his outstanding contribution as chairman during a period of unprecedented success for Hull City AFC."
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