Texas A&M Settles Bonfire Lawsuit for $2.1M

Texas A&M University has agreed to settle a lawsuit that emerged from the collapse of a bonfire tower almost a decade ago.

The university will pay $2.1 million to finalize the suit after families of four students who were killed and several who were injured sued both the university and contractors hired to assist building the tower.

In all, 12 people were killed and dozens were injured when the tower collapsed in November of 1999 prior to the school's annual football game with rival Texas.

Since the accident, the bonfire has taken place off campus through students and alumni.