CHICAGO – The nonprofit National Parent Teacher Association – better known as the PTA – and a for-profit rival have settled a deceptive practices lawsuit, the organizations announced in a joint statement Monday.

The iconic, 116-year-old PTA had accused the newer PTO Today of engaging in false advertising, trademark infringement and other deceptive practices in a bid to siphon members away from the older group.

The lawsuit, filed last year in federal court in Chicago, was dismissed and no money changed hands, according to the statement. It offers no detail about what PTO Today might do to allay the PTA’s concerns.