TACOMA, Wash. - A German-owned timber firm, Grandy Lake Forest Associates, will pay $10 million is its share of a $60 million settlement for a 2014 mudslide that killed 43 people in Oso, Washington.

The State of Washington will pay $50 million. Neither party to the settlement admitted wrongdoing. 

"The Oso landslide represents one of the most tragic events in state history, and the sympathies of Washingtonians remain with those who lost so much," said Washington State Attorney General Bob Ferguson October 10. "Today’s settlement of the legal chapter of this tragedy represents a fair resolution for all parties."

Relatives of the victims of the mudslide sued in January 2015, charging the slide was precipitated by unlawful clearcutting by Grandy Lake Forest.  The slide covered a square mile and destroyed 49 buildings.