The directors said that the racketeering suit complicated their efforts to act.
The settlement came in a civil racketeering suit filed by the Government in 1990 against the union and several of its officials.
Settlement talks in the racketeering suit, however, could make the issue of a commercial operating license for the $5.4 billion Shoreham plant moot.
The consent judgment announced today is the settlement of another racketeering suit, which listed Local 813 as a defendant.
In 1990, the Government filed a racketeering suit against both locals.
The Justice Department's racketeering suit against the nation's biggest tobacco companies began in federal court.
Lincoln was seized by the board las April; regulastors have filed a $1.1 billion fraud and racketeering suit against him.
The racketeering suit was filed last May, long before a strike by machinists on March 4 virtually shut down the airline.
He brought a civil racketeering suit to seize administrative control of the market and Local 359.
One focus is the Government's recent settlement of a racketeering suit against the teamsters.