Former ISU basketball player Bubu Palo settled the lawsuit he filed against the woman who accused him of sexual assault in 2012, according to a news release from Parrish Kruidenier, the firm representing Palo.

The two parties settled the civil suit Tuesday after it was brought against the woman in May of 2014. The case was set to start Tuesday. 

According to the release, the lawsuit was “resolved to the mutual satisfaction of the parties involved, and the matter is now closed.”

The original criminal charges against Palo, stemming from accusations that he sexually assaulted a woman in 2012, were dropped by the Story County’s Attorney’s Office that same year.

The accusation cost Palo parts of his junior and senior basketball season at Iowa State.

After being suspended due to the criminal charge, Palo was reinstated to the basketball team after the courts ruled in Palo’s favor and the ISU Office of Judicial Affairs ruled the evidence against Palo was not founded.

He returned for the final 17 games of the 2012-13 season but was suspended again after the accuser appealed the ISU Office of Judicial Affairs decision, leading to a suspension from ISU President Steven Leath that dropped Palo from ISU athletics. 

Palo appealed the Board of Regents decision in 2014 and the Iowa Supreme Court ruled against the sanctions that the Board of Regents put on Palo.

Palo was rumored to be transferring from Iowa State to use the rest of his eligibility for basketball, but it never came to fruition.