Blake Lively's lawyers speak out as Justin Baldoni settlement details revealed

Lively and Baldoni announced they settled their dispute on Monday.

Blake Lively's attorneys are speaking out for the first time since the actress reached a settlement with former "It Ends with Us" co-star and director Justin Baldoni earlier this week, ending the pair's nearly year-and-a-half-long legal dispute.

In a statement Thursday, Lively's lawyers Michael Gottlieb and Esra Hudson called the settlement a "resounding victory."

"From day one Blake Lively's mission was clear: expose and hold accountable those who weaponize smear campaigns and retaliatory lawsuits to intimidate and silence survivors," the lawyers said. "That mission continues."

The statement comes as court documents about the settlement between the co-stars were filed on Thursday in the Southern District of New York.

According to the settlement documents, Baldoni, via his Wayfarer production company, and Lively agreed to settle their ongoing dispute on terms that Lively could still seek to recover attorney's fees and additional damages.

Once damages are determined, the documents state, neither side can appeal the decision further, and the remaining action would be dismissed with prejudice, closing the matter for good.

ABC News has reached out to Baldoni's lawyers for comment.

This is a developing story. Please check back for updates.