Ms Farragher led CCEA through the first GCSE, BTEC, AS and A-level summer exams pupils in Northern Ireland sat after the Covid pandemic.
But she resigned in June 2022 before students were provided with their grades.
In her resignation letter she claimed that she had been “treated less favourably and faced ongoing harassment and bullying” at the organisation.
She said that had made her position “untenable”.
In her resignation letter, Ms Farragher said also she had made CCEA officials “aware of the difficulties I have encountered since taking up the role”.
When contacted by BBC News NI through her legal representative regarding the settlement of her case, Ms Farragher issued a statement.
“I am relieved the process is finally over,” she said.
“I am grateful to the many colleagues, principals, and teacher associations for their unwavering support,” she said.
Ms Farragher is now the chief executive of the Joint Council for Qualifications (JCQ), the organisation which represents the eight largest providers of qualifications in the UK.
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