Braxton Taylor was the foster baby abused to death under the noses of Virginia Beach social workers.
NewsChannel 3's investigation into the case resulted in a state inquiry, resignations, and significant policy changes.
According to a release from the city, the settlement agreement was reached Friday after several hours of mediation.
If approved by the court, about $170,000 of the settlement proceeds will be put into a trust fund for Braxton Taylor’s brothers and sisters. His biological father, Ralph Taylor Jr., will receive $75,000, and his biological mother, Kristen Wall, will receive $50,000 of the proceeds. The remainder will go to legal fees and expenses of the estate, which is represented by the law firm of Shuttleworth, Ruloff, Swain, Haddad & Morecock.