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Leifer is in prison, awaiting sentence, after being convicted of sexually abusing two former students when she was principal and head of religion at the ultra-Orthodox Jewish school in the 2000s.
A jury found her guilty of sexual abuse of sisters Dassi Erlich and Elly Sapper.
Leifer was acquitted of abusing their older sister Nichama Meyer.
Sapper and Meyer each received confidential settlements from the school, while Erlich was awarded damages by the Victorian Supreme Court in a civil suit.
The latest civil trial was due to begin in Victoria’s Supreme Court on Tuesday but was called off when lawyers revealed the matter had resolved.
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Justice Melinda Richards told them she appreciated it was a difficult thing for both sides to do.
Details still needed to be finalised, but Justice Richards agreed to sign off with orders once that was done.
Specifics of the settlement were not aired in open court.
The school has been contacted for comment.
