Two businessmen from Bradford have come to a settlement with national newspaper the Mail on Sunday over a libel suit they brought.
A story printed by the publication, headlined "How the car crash gangs net millions", had alleged that Mohammad Shokat and Mohammed Sageer had been operating a fraudulent business making false claims on staged car accidents.
The story implied that the pair, who were owners of a firm, were members of a crash gang.
A writ was subsequently issued against reporter Andrew Foxton and Associated Newspapers' managing editor John Wellington seeking a minimum of £300,000 aggravated damages.
Associated Newspapers is a management company for five major publications, including the Mail on Sunday, the Evening Standard and the Daily Mail.
The businessmen stated that the incident had damaged their reputations and caused considerable distress and hurt.
Since the agreement of a settlement, the newspaper has issued an apology for the inaccuracies it printed.