England and Wales Cricket Board (ECB) chairman Giles Clarke has reached an out-of-court settlement for libel damages with Lalit Modi, it has emerged.
The former commissioner of the Indian Premier League (IPL) took legal action against Mr Clarke after he sent an email to the Board of Control for Cricket in India in 2010 which accused Mr Modi of being involved in activity that was harming "Indian cricket, English cricket and world cricket at large".
Within this message, it was claimed that the ex-IPL chief had floated the idea of forming a Twenty20 competition in England to compete with the current tournament - an allegation he strenuously denied.
Mr Modi subsequently decided to sue Mr Clarke - who was elected into his role in September 2007 - but an ECB statement has confirmed both parties have "agreed to settle the litigation on confidential terms".
Earlier this year, the High Court ordered Mr Modi to pay compensation of £90,000 to former New Zealand all-rounder Chris Cairns on the grounds of libel.
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Posted by Chris Stevenson