Oct 21 (Reuters) - Livetiles Ltd LVT.AX :
* ANNOUNCES THAT LEGAL PROCEEDINGS AGAINST CERTAIN UNITS HAVE BEEN SETTLED
* WILL PAY A$8.445 MILLION TO PLAINTIFFS
* CO-FOUNDERS WILL TRANSFER A TOTAL OF 16.3 MILLION ORDINARY SHARES IN CO TO A NOMINEE OF PLAINTIFFS
* SETTLEMENT IS WITHOUT ANY ADMISSION OF LIABILITY BY LIVETILES
* NOW HAS NO UNRESOLVED LITIGATION AGAINST ANY UNITS OR OFFICERS