The thing that gets me about these settlements is that for several 10-Qs running, the verbiage has been that the company will "vigorously" defend. Settling doesn't seem so vigorous.
So what changed? I see people jumped right to the "lawsuits look less appealing to suitors" angle, which was obvious and expected. What I'm also interested in is if there have been any historical cases where the legal slate is wiped clean in order to minimize insiders' personal liability during liquidation or anything of the sort. Not saying that's what's happening here (or even if it works that way at all), but it's only fair to consider all angles.
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