"The parties believe it is time to take advantage of the new information that has come to light on both sides during the litigation and put these matters behind them," the three lawyers said in a joint statement on Friday.
The defamation lawsuits stemmed from claims that the woman, Virginia Giuffre, made in another court in December 2014 that she was forced as a girl to have sex with Dershowitz, the UK's Prince Andrew, and other men. Dershowitz and Prince Andrew denied the allegations, and the allegations were later stricken from court records.