West Ham United are pleased to confirm the club has settled all outstanding matters with Alan Curbishley.
Upon taking charge of the club last month along with David Gold, joint-chairman David Sullivan acted straight away in order to reach a settlement that was in the best interests of all parties.
An FA Premier League arbitration tribunal had previously upheld Curbishley's claim of wrongful dismissal following his resignation at the beginning of the 2008/09 season.
Mr Sullivan said: "I am pleased this has all been settled. We moved as swiftly as we could to resolve the matter in a positive manner with Alan and his representatives.
"As football people, we realise this had to be dealt with from a moral and legal point of view as quickly and possible. It was best to draw a line through what had gone on under the previous owners, allowing us instead to focus fully on our challenge of taking West Ham United forward.
"Slowly but surely we are getting this club back on an even keel and there are many reasons to be positive for the rest of the season and beyond. I wish Alan all the best and I am sure he will be given a warm welcome when he next returns to the Boleyn Ground."
In a statement given to the League Managers Association, Curbishley spoke about his record at the club, before saying he "would like to thank David Sullivan for acting quickly and concluding the settlement since his arrival at West Ham". He added that he was looking to the future and that his intention was to return to football management.