Depends on several things:
IF it get to the point where he has to settle, Zaid will probably push the idea of paying Richard off and a little extra on top of that in exchange for basically forcing Richard to sign a gag order/NDA agreement banning him from ever talking about Waid, the case, how much he got, or how Waid blood libeled him along with Waid not admitting any fault to what he did.
That way, Waid effectively silences Richard, while at the same time he can play the victim. He can spew lies about the case along the variety of "Richard was a greedy shithead and I just wanted to make it go away because "I was THIS close to bankruptcy" and told my lawyer to throw a number at him and he took it, because was all about extortion on Richard's part." to the comic press and play martyr and pretend to be broke, so he can then further manipulate Marvel into giving him more work. And Richard won't be able to rebut any of Waid's new slander/libel because of the NDA clause.
Alternatively, Zaid forces Waid to settle AND forces Waid to agree to a NDA/gag order meaning he can't talk about the case or slander/libel Richard ever again. Possibly with Waid admitting guilt as part of the settlement, though Waid is such an asshole that I can see him paying extra just to avoid admitting guilt. Publicly, Waid would refuse to talk about the case, siting the NDA and weasel word claim that "the settlement not including Waid admitting guilt" as a way of saying "I'm innocent but just wanted to make the thing go away" and probably have his friends in the press spin his excuses and lies ("Richard bullied Waid into settling", "Hate monger bullies comic pro into cash payoff") along with pushing hard that by not admitting guilt, Waid technically is "innocent" and that it was a case of evil abusing the legal system to force an "innocent man" out of hundreds of thousands of dollars.
But internally, Waid will probably claim poverty to justify caving and point out that by not admitting guilt, he "won". And play the "poverty" card to get work and use his work to shit on Richard and basically bait him into breaking the NDA to recoup any money he paid out.