Attorney David Lane, who represented the 14 plaintiffs, says the settlement was reached Thursday. They sued the city for unlawful search and seizure after the June 2012 traffic stop. Some motorists were approached at gunpoint by police after the robbery, handcuffed and made to wait for two hours while the scene was cleared.

Stacks of money stolen from the bank contained a GPS tracking device that led police to the intersection, but officers couldn’t immediately pinpoint its location among the vehicles. Nearly 30 people were ordered out of their cars, and police found a suspect in one of the vehicles.