A High Court action between former X Factor contestants, Jedward, their parents and a Limerick businessman over an alleged merchandising agreement, has been settled.

Patrick Joseph Noonan had claimed losses of around €625,000 arising mostly from the design and production of Jedward wristbands, jigsaws, board games and websites.

The figure included €250,000 for the loss of opportunity to sell a Jedward board game to another party.

John and Edward Grimes, 26-year-old identical twins, along with their estranged parents, John Grimes and Susanna Condron were in court when the settlement was announced.

The twins were wearing identical purple jackets, black tops and trousers. They and their parents had denied Mr Noonan's claims.

As the case was about to begin, the judge was told by lawyers for Jedward and their parents that there had been "substantial developments" overnight and the parties needed to scrutinise a document.

The parties returned to courtroom Number 25 shortly before midday.

As a small number of fans watched from the public gallery, one of the twins spoke into a microphone and announced that "Jedward has entered the building".

The judge was not sitting at the time.

When the hearing resumed, Mr Justice Donald Binchy was told the matter had been settled.

He agreed to adjourn the case until 12 December to enable the terms to be finalised.

He congratulated the sides on settling the case and said he wished everyone well.