The lawsuit, filed in Hartford Superior Court in the fall of 2006, stemmed from Reynolds termination in the summer of 2006. Reynolds sued claiming "he was wrongly fired after a female intern complained about what he called a "brief and innocuous" hug."
Terms of the settlement were not disclosed, though each side was able to claim that they were happy with the settlement.
At a minimum, it allows both sides to put an ugly lawsuit behind them. Reynolds was represented by Attorney Joseph Garrison, while ESPN was represented by Paul Hastings.
In case you were curious, the following link at the Smoking Gun contains a copy of the original complaint that was filed in the matter.