Attorneys with the victim's family say the deal was struck with warehouse owner Chor Ng's bankruptcy case.
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Six million dollars will be payed out by the Ng's insurance company, and an additional $6 million will be paid through sale of additional real estate.
Chor Ng and her children were not criminally charged in the case.
VIDEO: Ghost Ship Timeline: How the investigation into the deadly fire unfolded
TIMELINE: How the Ghost Ship fire investigation unfolded
Go here for all previous coverage of the Ghost Ship warehouse fire.
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