Lawyers say the settlement "will never restore health or life but reflects an element of justice from the wrongdoers"
A partial settlement has been reached in the case of the Berkeley balcony collapse.
The collapse in California resulted in the deaths of six young people, including five Irish students, while seven others were injured.
Exact details of the settlement are not being disclosed.
In a statement this afternoon, attorney Matthew Davis said: "A number of defendants involved in the design and construction of the balcony which collapsed at Berkeley’s Library Gardens apartment complex have agreed to settlement terms with the seven injured students and the families of the six deceased students. The amount is confidential.
"This settlement will never restore health or life but reflects an element of justice from the wrongdoers for the deaths and serious injuries caused by the tragedy."
Mr Davis noted that litigation is continuing against the apartment complex’s corporate owner and property manager, with a trial expected to take place early next year.
Five Irish students and one Irish-American woman lost their lives in June 2015, when a fifth-floor balcony collapsed during 21st birthday celebrations.
Eoghan Culligan (21), Lórcán Miller (21), Niccolai Schuster (21), Eimear Walsh (21), Olivia Burke (21) and Ashley Donohoe (22) were all killed.
An American company responsible for building the apartment block where the balcony collapse happened has had its licence revoked, lawyers confirmed last month.