Walker was a passenger in a 2005 Porsche Carrera GT driven by Roger Rodas when
the car, travelling at speeds of 129km/h to 150km/h, careened into trees and a utility pole in Santa Clarita, northwest of Los Angeles. Meadow Walker's attorney, Jeff
Milam, said in a statement that the
settlement would go into a trust for the teen.
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The settlement, reached in November 2014, went unnoticed for nearly a year and half because it was filed under "Meadow W.", according to celebrity news website
TMZ, which first reported the story.
According to Milam's statement, Rodas was only partially responsible for the crash, and the settlement covers a "fraction of what her father would have
earned as an international movie star had his life not been tragically cut short".
Walker's death at age 40 led to a lull in production of Furious 7, the latest movie in the mega-hit action series about illegal street racing that propelled his career.
The 2015 film grossed more than US$1.5 billion worldwide, making it among the highest-earning films of all time. Milam said the actor's daughter was continuing her safety lawsuit against Porsche AG.
Porsche has maintained that the actor was responsible for his own death. After a four-month investigation, Los Angeles officials said the crash was caused by
excessive speed, not mechanical failure.
Milam said Paul Walker survived the impact of the crash, but "burned to death because of Porsche's defective design".
A federal judge presiding over a similar lawsuit filed by Rodas' estate against Porsche in Los Angeles ruled in favour of the car company on Monday, saying:
"Plaintiff has provided no competent evidence that Rodas' death occurred as a result of any wrongdoing on the part of
Defendant."
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