The settlement was announced Wednesday by Martha Hart and confirmed by the WWE. Hart hasn't disclosed any details. A spokesman for the WWE says he has no comment.
Owen Hart died in 1999 while being lowered into the wrestling ring at Kemper Arena in Kansas City, Mo. He was 34.
Martha Hart sued in June 2010, alleging the WWE didn't pay royalty payments owed to Owen Hart's estate and violated a contract restricting the use of his name and likeness.
Former WWE executive Linda McMahon ran unsuccessfully as a Republican candidate for the U.S. Senate in Connecticut in 2010 and 2012.
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