Expat Robert Murat has settled a claim for damages over allegations in 11 UK newspapers that he was involved NGO Calls for Swift EU Cooperation on Child Abductions ...
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Briton Mr Murat is still an official suspect - or arguido - in Portugal.
He was questioned by police but denied any involvement in the disappearance of Madeleine, who vanished aged three from an Algarve apartment last May.
The settlement - to be heard at the High Court on Thursday - is worth about Ј550,000, and will include an apology.
In April Mr Murat's lawyers, Simons Muirhead & Burton, said they were pursuing 11 leading British newspapers and Sky TV over allegedly libellous stories.
On Tuesday a spokeswoman for Mr Murat said the settlement was with the 11 British newspapers.
In their April statement, his lawyers named the Sun, Daily Express, Sunday Express, Daily Star, Daily Mail, London Evening Standard, Metro, Daily Mirror, Sunday Mirror, News of the World and the Scotsman.
Under Portuguese law someone can remain an official suspect without charge for as long as the investigation is continuing.
Madeleine's parents, Kate and Gerry McCann, also remain official suspects in the inquiry.
In March they reached a libel settlement and got an apology from Express Newspapers for suggesting they were responsible for her death.
The newspaper group paid Ј550,000 to the Find Madeleine campaign, and the Daily Express and Daily Star issued front-page apologies admitting the stories were inaccurate.
(BBC)
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