CHARDON -- Following a 3 p.m. hearing today before Geauga County Probate Juvenile Court Judge Tim Grendell, a settlement was finalized in the wrongful death lawsuit filed Feb. 27, 2013 by the families of Daniel Parmertor, Demetrius Hewlin and Russell King Jr. against Chardon High School shooter T.J. Lane, Lane's parents, Thomas Jr. and Sarah, as well as his grandparents, Jack and Carole Nolan, with whom he lived.

Attorneys for the victims and their families produced documents that show that Parmertor's family will receive $487,912.23; Hewlin's will receive $484,268.12 and King's will receive $.487,797.81.

The lawsuit claims negligent supervision and was originally filed in Lake County Common Pleas Court.

Each victim's family was awarded $889,583. 33.

Subtracted from that amount were the 40 percent attorneys' fees for each, plus litigation expenses that were about $5,900 for King's family, about $9,400 for Hewlin's family and about $5,800 for Parmertor.

However, you may be surprised to learn who will pay most of the $2.66 million dollar settlement.

A source close to the case tells Channel 3 News, that much of the money will come from Lane's grandparents, Jack and Carole Nolan.

Though they don't have millions in cash, their insurance company does.

Sources also tell Channel 3 News that much, but not all of the money to be paid, will come out of the grandparents' homeowners insurance. Civil litigation attorneys say it is not unusual for homeowners insurance policies to cover injuries outside of the home, for example, if a gun that is part of the homeowner's property was used.

The wrongful death lawsuit was filed after Lane, then 17, shot and killed the three students at Chardon High School Feb. 27, 2012. Lane also injured three others.

On Feb. 26, 2013, Lane pleaded guilty to three counts of aggravated murder, two counts of attempted aggravated murder and one count of felonious assault involving the shootings.

The victims' families also filed a wrongful death lawsuit against the Chardon school district. That case is still pending.