LONDON (Bloomberg) - Langbar International Ltd. founder Mariusz Rybak agreed to pay about £30 million ($60 million) to settle a fraud lawsuit filed by the company's directors.

The lawsuit at the High Court in London was settled on Monday, ending a trial that started in November, Andrew Ford, Mr. Rybak's lawyer, said yesterday. He declined to give other details of the settlement.

During the case, lawyers for Langbar, a Bermuda-based investment company, claimed Mr. Rybak falsified the company's assets as part of a fraud against investors. The company, which was listed on London's Alternative Investment Market, said in 2005 that it was the victim of a fraud after discovering £370 million missing from its accounts.

Sion Richards, a lawyer for the Langbar directors, said the settlement was "a resounding success."

"The main thing is that they are to pay us most of their assets, and that is an astounding result," he said in a telephone interview.

Langbar's lawyers claim that the assets were entirely fabricated. Mr. Rybak, they said, knew about the fraud. Mr. Rybak said that the fraud was committed by others and that he did nothing wrong.