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The phrase "accepted a settlement" is correct and usable in written English.
It can be used in legal or financial contexts when referring to an agreement reached to resolve a dispute or claim.
Example: "After months of negotiations, the parties finally accepted a settlement to avoid going to trial."
Alternatives: "reached a settlement" or "agreed to a settlement."
Exact(39)
She accepted a settlement.
Masson accepted a settlement of $150,000.
Mitschelen's family accepted a settlement of $300,000.
The Saadi family had accepted a settlement of £2.23m, the high court heard on Thursday.
(Noble's only child, a daughter with another woman, accepted a settlement in exchange for relinquishing all ownership claims to Clarín).
In 2012 the Saadi family accepted a settlement of £2.23m from the UK government, which made no admission of liability.
Similar(21)
Attorneys that Gutierrez consulted advised her to accept a settlement.
And there are Tamils who would accept a settlement short of an independent state.
What if I do not Accept a Settlement Offer before Trial?
He challenged the recruitment process before accepting a settlement far bigger than his salary of £150,000.
The Delaware plaintiffs would not accept a settlement amount within the limits of insurance covering Bank of America's directors.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com