Liberal Senator Linda Reynolds embroiled in a defamation suit against former staffer Brittany Higgins and her fiancé David Sharaz.

David Sharaz expresses financial strain and appeals for a settlement in the legal dispute with Reynolds.

Reynolds accuses Higgins and Sharaz of damaging her reputation through social media posts.

Federal Court judge Michael Lee finds Higgins' interview with The Project truthful but dismisses allegations of a political cover-up.

Reynold's legal team is pushing the case forward with an updated statement of claim, signaling readiness for trial.

The defamation case is set for trial in July, with Justice Paul Tottle presiding.