Valentina sued Lee in 2008 for failing to pay the bill. Lee's attorneys argued the store should not have extended credit to her because of her earlier troubles paying a bill.
Lee's attorney, Steven Gistenson, said Tuesday the dispute was amicably resolved without admission of wrongdoing or liability.
Gistenson says he expects to file the settlement in the next week. A judge still must approve it. A hearing has been scheduled for Dec. 7.