Hackney council has formally announced that a commercial settlement has been agreed between itself and Hodder and the contractor, Gleeson.
The decision will come as a huge relief for Hodder - a Stirling Prize-winning architect - as the dispute has dogged his career for the best part of five years.
It will also be welcomed in Hodder's Manchester office as the official statement states that neither the architect nor the contractor had to admit responsibility for the problems at the closed swimming pool.
'As a result of the High Court action and mediation a commercial settlement has been reached between Hackney, Hodder and Gleeson on Hackney's claim relating to defects at the Clissold Leisure Centre, Stoke Newington,' the statement says.
'It was a requirement of the mediation and settlement that the terms of settlement remain confidential to the parties.
'Hackney's settlements with Hodder and Gleeson resulted in a significant payment for the repair works and do not acknowledge any admission of liability of Hodder or Gleeson.
'All parties contributed positively to the proposed remedial scheme which it is hoped will permit the Clissold Centre to be reopened next year,' the statement finished.