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"settlement of charges" is correct and usable in written English.
You can use it to refer to a resolution or agreement between parties concerning charges of some kind. For example, "The court has reached a settlement of charges related to tax fraud."
Exact(13)
The settlement of charges first brought by Eliot Spitzer, attorney-general of New York, of conflicts of interest between equity analysts and investment bankers has left reputations besmirched.
24 SAC Is Said to Negotiate Settlement of Charges | The government is seeking a guilty plea from SAC and a financial penalty of as much as $2 billion.
Mr. Brennan agreed to a settlement of charges that he defrauded millions of investors with the cheap stocks he promoted in the 1980's.
It has since eclipsed by the $1.3 billion criminal fine Pfizer paid as part of a $2.3 billion settlement of charges it had illegally marketed the painkiller Bextra and other drugs.
The settlement of charges filed by the Financial Services Authority, Britain's financial regulator, against David Einhorn and his hedge fund, Greenlight Capital, for trading on confidential information highlights how malleable the term "insider trading" can be.
C1 Bank Settles in Enron Case Canadian Imperial Bank of Commerce agreed to abandon almost an entire line of business for at least three years and pay $80 million in penalties in a settlement of charges stemming from Enron's collapse.
Similar(47)
The remarks, at a news media breakfast, were the first by Ms. Schapiro to address the issue since a federal district judge refused last year to approve a commission settlement of fraud charges involving Citigroup.
In a Dec. 20 letter to the S.E.C., Judge Rudolph T. Randa of the Federal District Court for the Eastern District of Wisconsin questioned the commission about its proposed settlement of fraud charges against the Koss Corporation, a Milwaukee-based maker and seller of stereo headphones.
As a result, the S.E.C. did not impose a financial penalty, and the city did not admit to or deny the commission's accusations in its settlement of the charges.
Although BP has agreed to a settlement of criminal charges in the Deepwater Horizon case, it still faces billions of dollars in pollution fines under federal environmental laws.
SAC Capital, a hedge fund, was expected to reach a $1.2 billion settlement of criminal charges relating to securities fraud as The Economist was going to press.
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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