Speedcafe.com has learned that the parties reached a settlement during a mediation session in Sydney late last week.
While preliminary proceedings had been ongoing in the Federal Court of Australia since August 30, 2013, the undisclosed settlement ensures that the dispute is resolved without a hearing and public judgement being handed down.
Click here to have your say on the state of Australian motorsport and go into the draw to win a Kincrome Tool Armour Workshop valued at $11,999.
Erebus CEO Ryan Maddison confirmed to Speedcafe.com that a settlement was reached, but declined to discuss details.
“Between Erebus and SBR, we're comfortable that the situation has been settled,” said Maddison.
Van Gisbergen had been released from a freshly signed three-year deal with Erebus' forerunner Stone Brothers Racing after informing the team in November, 2012, that he was no longer enjoying the sport.
Tekno revealed the following January that Van Gisbergen would race one of its Holdens for the new season, triggering SBR to announce that it was considering legal action against the driver.
While reports that an injunction would be served to stop Van Gisbergen driving in the season-opening Clipsal 500 proved unfounded, legal action formally commenced in August.
Erebus' “unconscionable conduct” action drew a cross-claim from Van Gisbergen against Stone Brothers Racing, for whom he had driven for five seasons.
Parties including Erebus, SBR, Van Gisbergen and his father Robert, Tekno and Holden were subsequently required to produce a variety of evidence to the court over the past 10 months.
Van Gisbergen was unable to be contacted for comment on this story.