Almost four years after Jerry Falwell Jr. resigned as Liberty University’s president, the university announced Friday (July 26) that its board of trustees and Falwell have reached a settlement agreement in regards to their pending lawsuits.
“This agreement is grounded in a firm commitment to protecting and preserving Liberty’s original mission of developing Christ-centered men and women with the values, knowledge, and skills essential to impact the world,” the statement said.
“It is based on a mutual understanding regarding the amount Liberty University will pay its former president in authorized retirement and severance under the various disputed agreements and in keeping with the law,” the statement continued, “and the conditions under which the University will make use of Dr. Jerry Falwell, Sr.’s name, image, and likeness.”
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Liberty University shared that it “appreciates and acknowledges the many contributions of Jerry Falwell, Jr. during more than three decades of service to the University in various capacities,” which included 13 years as president. The university said that Falwell “was instrumental in building Liberty into the world-class Christian institution it is today.”
“Both the University’s Board of Trustees and Jerry Falwell, Jr. sincerely regret the lengthy and painful litigation process, and each take responsibility for their part in the disputes,” the statement said.
The university added that “Falwell acknowledges and apologizes for the errors in judgement and mistakes made during his time of leadership.” Likewise, the “Board of Trustees acknowledge and apologize for the errors and mistakes made on their part as well.”
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The statement concluded by saying that the “Trustees and Falwell are committed to move forward in a spirit of forgiveness and with the hope of reconciliation in a Christ honoring manner” and that neither party plans to make further statements regarding the settlement.
Falwell resigned as Liberty University’s president in 2020 following accusations that he and his wife, Becki, were involved in an inappropriate sexual relationship with a business partner.
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