The legal battle between News Corp and its former employee, Judith Regan, is finally over as an agreement was reached regarding the lawsuit Regan filed after her HarperCollins imprint was terminated by the conglomerate in 2006, Reuters reported.

"The parties are pleased that they have reached an equitable, confidential settlement, with no admission of liability by any party," a joint statement issued Friday said.

"I am grateful for the opportunity to have worked with so many gifted people and am looking forward to my next venture," Regan, who filed the defamation said in a statement.

In the settlement, neither party admitted any liability, News Corp said in a statement, adding that "After carefully considering the matter, we accept Ms. Regan's position that she did not say anything that was anti-Semitic in nature, and further believe that Ms. Regan is not anti-Semitic."

Other terms were to be kept confidential, the company said, adding: "Ms. Regan is a talented publisher who created many award-winning and best-selling books during her twelve and a half years at the company. News Corp. thanks Ms. Regan for her outstanding contributions and wishes her continued success."

Regan was fired in December 2006, two years before her contract expired, shortly after News Corp. canceled her plans to publish O.J. Simpson’s book "If I Did It," over claims she made anti-Semitic comments to a company lawyer during an angry telephone conversation.

In the lawsuit, which drew public attention for its intriguing accusations of smear campaigns and cover-ups, Regan strongly denied the allegations and claimed instead that she was encouraged by senior executive at News Corp to lie to government investigators about her relationship with Bernard Kerik, the former New York police commissioner.

"Because of the damaging information that defendants believed Regan possessed, defendants knew they would be protecting Giuliani if they could preemptively discredit her," the suit charged.

"This action arises from a deliberate smear campaign orchestrated by one of the world's largest media conglomerates for the sole purpose of destroying one woman's credibility and reputation," according to the lawsuit, filed in November.