“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,” Liberty said.
According to USA Today, a tax form has revealed that as part of the settlement, Falwell agreed to pay the school $440,000 to settle “disputed expenses” between him and the university,” and the school agreed to pay Falwell roughly $5.5 million to settle the lawsuits in addition to the roughly $9.7 million he already received as part of his retirement package.
Following the settlement, the ban Liberty had placed on Falwell from being present on the campus was lifted, and he and his wife could be seen attending the school’s homecoming football game in September.
“It’s so wonderful, after spending the better part of 40 years imagining and building what’s here, to be able to come and enjoy it without all of the responsibility on my shoulders,” Falwell told reporters.
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