Oral Roberts University announced late Wednesday that it had reached a settlement through mediation with two former faculty members who sued the evangelical institution in Tulsa, Okla., a year ago, alleging breach of contract and wrongful discharge. “This matter is now resolved and we are pleased to have it behind us,” the university’s interim president, Ralph Fagin, said in a brief statement on the university’s Web site. The terms of the settlement were not disclosed.

The two professors — Tim Brooker and his wife, Paulita Brooker — and a third professor, John W. Swails, sued the university after leaving or being fired last year amid events that ultimately led to the resignation of its president, Richard L. Roberts. In their lawsuit, the professors accused Mr. Roberts of using university resources to intervene in local politics and to support an extravagant lifestyle for his family, even as the university struggled financially. He has denied those allegations.

The Tulsa World reported that lawyers for the Brookers had asked for $2.5-million to settle the suit in August, but the university did not accept that offer at the time.

Mr. Swails settled with the university earlier this year and has returned to the faculty, and the university has moved toward financial solvency after reconstituting its governing board at the behest of a donor who came to its rescue. —Charles Huckabee