Veteran journalist Robert Ovadia has dropped his civil case against the Seven Network after being sacked over allegations of "inappropriate behaviour".
Mr Ovadia was fired after 23 years in June, following an internal investigation that cited "serious misconduct", according to his barrister.
The Federal Court case was launched by Mr Ovadia arguing unlawful termination of employment.
The court heard in August that 13 additional women had come forward with complaints against Mr Ovadia, which he described as "baseless" allegations.
His lawyer, John Laxton on Friday said his client had discontinued "legal action for personal reasons".
"While he strongly rejects allegations of serious misconduct made against him, the emotional and financial toll of proceeding with legal action is something his family can no longer bear and I entirely understand his position," Mr Laxton said.
Mr Ovadia has denied allegations of inappropriate behaviour since his sacking.
Mr Ovadia's lawyers claimed Seven was determined to dismiss him "for a reason that would attract media attention", and for one which would "damage the reputation and good standing" of the journalist.
It describes the show cause process as "a farce", claiming Seven "had already determined to dismiss [Mr Ovadia]".