The settlement with 72 passengers who filed personal injury claims also includes Boeing Co, which made the airplane, and Air Cruisers Co, the New Jersey company that made its evacuation slides.
The filing did not include the settlement's financial terms, and plaintiffs' attorney Frank Pitre said those details are confidential.
This is the first set of lawsuits stemming from the crash to be resolved, he said. Dozens of additional cases involving more than 70 plaintiffs are still pending in federal court in Northern California.
Boeing spokesman Miles Kotay said the aircraft maker does not comment on pending litigation. Calls to attorneys for Asiana and Air Cruisers Co were not immediately returned.
The July 6, 2013, crash of Asiana Flight 214 killed three Chinese teens and left nearly 200 people injured. The Boeing 777 travelling from South Korea slammed into a seawall at the end of a runway during final approach to San Francisco International Airport. The impact ripped off the back of the plane, tossed out three flight attendants and their seats, and scattered pieces of the jet across the runway as it spun and skidded to a stop.
Pitre said the passengers who settled had injuries that were less serious and have stabilised. At least 14 of the people with whom settlements were reached are minors, requiring the court to approve the agreements, according to the filing.
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