Browder was a 16-year-old student when he was accused of stealing and arresting a backpack. Later he was charged with second-degree robbery. He was released in 2013 when the charges against him were dropped.
Browder had just turned 22 when he hung up in 2015.
The New York Law Department confirmed the settlement of the family's civil suit.
"The family believes the settlement is fair and reasonable," said Browder family lawyer Sanford Rubenstein at a press conference on Friday. "However, they hope that his memory will be honored with the reforms that still need to be done in our prison system."
In Rikers, he tried at least six times to commit suicide, according to a lawsuit filed by Browder against New York City, his police department, the Bronx District, attorney and others, including several correctional officials. The complaint alleges that he has been falsely arrested, maliciously prosecuted and has rejected a speedy procedure.
Browder was hospitalized for five days in November 2013 after suicide attempting. According to his lawyer, he attended a community college in the Bronx and had a GPA of 3.5.
Browder's former lawyer Paul Prestia told CNN in 2015 that Browder was bright, humble and someone with a strong sense of humor. 19659002] "Before I went to jail, I never had mental illness," Browder told HLN. "I never tried to hurt myself, I never tried to kill myself, I never had any thoughts, I had stressful times in prison, but not like in jail, that was the worst experience I've ever had whole life. "
"Years at the end of almost complete isolation a terrible price," wrote Kennedy.
Sophie Tatum and Ariane de Vogue of CNN contributed to this report.