The 49-year-old Poison frontman settled with the musical awards show and CBS Broadcasting Monday, after filing a lawsuit back in March 2011 for an onstage mishap during the 2009 Tonys that he claims caused him to have a brain hemorrhage.
According to Michaels, it wasn't explained to him that a set change would occur after his band's performance during the show, and he was consequently hit in the head by a set piece when he remained onstage.
The rocker suffered a brain hemorrhage 10 months later.
The notice of dismissal, obtained by E! News, was filed in New York Federal Court on May 14. According to the documents, the parties met at mediation on May 11, 2012 and settled the case.
"The parties have reached an amicable resolution of their dispute and the case has been settled," a spokesperson for the Tony Awards said. "The terms of the settlement will not be disclosed."
—Additional reporting by Claudia Rosenbaum