Janice Dickinson’s defamation case against Bill Cosby has been settled.

According to the former “America’s Next Top Model” judge’s lawyer Lisa Bloom, Dickinson reached a “very large settlement” with Cosby’s insurance company AIG.

In 2014, the former model came forward with accusations that “The Cosby Show” star had drugged and assaulted her in 1982 after the two had dinner in Nevada. Cosby’s lawyer at the time, Marty Singer, accused Dickinson of lying about it, prompting Dickinson to sue Cosby for defamation.

RELATED: Bill Cosby Slammed After His Social Media Accounts Share Unexpected Father’s Day Post

“Truthfully, a settlement is a victory and certainly a measure of justice, and helps me sleep better, but in reality, nothing can ever erase the experience and memories of an assault,” Dickinson said after the hearing. “Jail is where he belongs, but there aren’t enough years left for him to pay for what he has done to so many women.”

Bloom said Dickinson will be “fully compensated for being called a liar.” The settlement amount will remain confidential, but Bloom called it “epic.”

Despite Cosby’s objections, AIG settled the lawsuit.

RELATED: Bill Cosby And His Wife, Camille, Slam ‘Grossly Immoral’ Judge In Scathing Post

AIG spokesman Andrew Wyatt said, “To be clear, AIG’s settlement of this lawsuit has no bearing whatsoever on the merit of Ms. Dickinson’s claims. Mr. Cosby has every confidence that, had the case proceeded to trial, a jury would have found that the statements issued by his former attorney – statements which Mr. Cosby himself never spoke and which he played no part in preparing – were not defamatory.”

Last year, Cosby, 82, was convicted of three counts of aggravated indecent assault and is currently serving a three-to-10 year sentence in a Pennsylvania prison.