The settlement was disclosed Friday in an SEC filing.
The company intends to pursue its claims vigorously.
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The settlement requires the approval of a judge in Delaware Chancery Court.
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A Paramount rep declined additional comment beyond the material in the filing, including about the litigation against insurers.
A Delaware Chancery Court judge in December 2020 hadrejectedthe companys request for the suit to be tossed out.
However, it has not completely put the turbulent 2010s behind it.
