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Strauss-Kahn and NYC Hotel Maid Settle Suit

Associated Press
Monday, 10 Dec 2012 | 3:21 PM ET

Former International Monetary Fund leader Dominique Strauss-Kahn and a New York City hotel maid on Monday settled lawsuit that alleged sexual assault.

Settlement Reached in Strauss-Kahn Civil Suit
CNBC's Jackie DeAngelis reports a settlement has been reached in the Strauss-Kahn civil lawsuit.

New York Justice Douglas McKeon announced that after lengthy negotiations in the suit brought by Nafissatou Diallo, 33, the parties "came together and put terms of a settlement on the record." The amount of the settlement was kept confidential.

The lawsuit stemmed from a May 2011 hotel suite encounter. It also spurred criminal charges, forced Strauss-Kahn's resignation from the IMF and cut off his potential candidacy for the French presidency. He said whatever happened was consensual.

The criminal case was already dropped, after prosecutors said his accuser had credibility problems. She said she always told the truth about the encounter.

Strauss-Kahn, 63, called her suit defamatory and countersued for $1 million.

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