The school has agreed to pay Yu Chen's family $850,000. Chen was windsurfing on Lake Mendota in May 2017 when he was struck by a UW Lake Safety boat. The 43-year-old senior medical physicist died of injuries from the boat's propeller.
The State Journal says Chen's family filed a wrongful death lawsuit against the university and four of its employees.
The family's attorney, Jay Urban, says the university did the right thing by settling the lawsuit.
UW-Madison spokesman John Lucas says reaching a resolution is in everyone's interest and will allow those involved to move forward. No criminal charges were filed in the case.