Jerry Falwell Jr. and Liberty University have reached a settlement to resolve all outstanding legal and personal disputes nearly four years after he stepped down as president amid scandals. The agreement includes undisclosed retirement and severance payments to Falwell and outlines how the university will use his father's name, image, and likeness. Both parties expressed regret over the lengthy litigation process, acknowledging errors in judgment and mistakes made during their respective tenures. The university emphasized its commitment to its original mission of developing Christ-centered individuals. The settlement follows Falwell's allegations that the university wrongfully exploited his father's trademark and denied him retirement benefits amounting to millions. Financial details of the settlement have not been disclosed, and both sides have agreed to refrain from further comments on the matter.