Duke And Ex-Lacrosse Coach Reach Settlement

Duke University has reached a financial settlement with the former men's lacrosse coach who lost his job in the wake of now-debunked rape allegations involving his team.

Though the university won't disclose terms of the deal, a school official confirms that Duke reached what's termed "an amicable, fair financial settlement" with Mike Pressler a few months ago.

Pressler was in his 16th season at Duke when a woman told police that she was attacked by three players at a March 2006 team party where she was hired to perform as a stripper. The allegations ventually led the the university to cancel the remainder of the season and accept Pressler's resignation.

Reade Seligmann, Collin Finnerty and David Evans were cleared by
state prosecutors, who called them "innocent" victims of a "tragic rush to accuse."