The family of a Los Angeles woman, who was killed by a 17-year-old driver speeding at over 100 mph through a red light in his Lamborghini SUV, has received an $18.8 million settlement.

Monique Munoz, 32, died on Feb. 17, 2021, when the teen crashed into her Lexus sedan as she was turning left at an intersection. The teen is the son of James Khuri, the CEO of FJ Holdings, which deals in trading cards.

“Today is a significant milestone because the Munoz family can finally get some closure for this horrific tragedy,’’ attorney Daniel Ghyczy, said Wednesday in a statement to NBC Los Angeles.

"The family faced numerous hurdles from both private insurance companies and the L.A. District Attorney's office, and experienced the harsh realities of racism and bias against those from underserved communities," Ghyczy added.

Officer Daniel Whitmore told local media that the teen was driving at 86 mph five seconds before the crash, and then 106 mph two seconds before the crash. The teen did attempt to break, but when his car hit Munoz it only slowed down to somewhere between 77 and 92 mph.

The driver’s foot was "completely on the gas pedal 100%” before the crash, Whitmore said.

The crash happened during rush hour on busy streets in West Los Angeles, where the speed limit was 35 mph.

International Business Times has not released the teen's name due to his age. In October 2021, the teen was sentenced to serve 7-9 months in a juvenile camp after admitting to vehicular manslaughter.

In an Instagram story on Wednesday, Khuri said he hopes the settlement will help Munoz’s family “build a new beginning that will honor her spirit.”