Transcript
Lawyers for the school said all 32 victims would share the compensation pay out.
Their lawsuit highlighted major negligence by the school in addressing horrific student abuses inflicted by Dr Robert Browne.
From 1958 to 1985 under the guise of helping children the doctor secretly drugged, raped and tormented students referred to him by the school for treatment at St Francis Hospital.
Parts of the lawsuit revealed:
'Boys who dared to confide in school employees about the abuse got nowhere. A rape by the doctor reported to a house mother, for example, produced no action. The same boy then told the school's director of counselling about the sexual assault. Her response was to take him off campus and treat him to meals at fancy restaurants, in an attempt to pacify him and suppress his complaints. The abuse had lasting impacts. Some suffered deep depression in later years and committed suicide or died of overdoses from drug habits acquired under Browne's "treatments" .'
He often required boys to masturbate for him, engage in oral sex and be penetrated with objects and others were sodomized.
Victims also said the doctor made children watch porn and take drugs, being told by Dr Browne it was all therapy.
Many said their lives have been ruined as many were forced to keep their abuse a secret for decades, like Alika Bajo.
He said he'd kept quiet for four decades about abuse he'd suffered as an eighth grader, before deciding to speak out.
"My personal thing is that we are getting Kamehameha to do something that they didn't want to do all this time. We just have a safeguard in place especially having transparency and oversight, because as we all know stuff has been covered up for a long time and that is just the truth. My truth now is that I am part of that reckoning. "
Attorney Michael Green, who represents the victims, said it was clear that student complaints had been ignored and key evidence destroyed to protect the school's reputation.
He says it's good the school eventually faced up to its failings, but he believes there were hundreds more victims.
"They admitted that these boys were molested and they admitted that there was certainly injury to them and their families because some of these men never told their children, never told their wives, never told their significant others out of shame. Interestingly all of them suffered some form of rage, drugs and alcohol in their lifetime and some committed suicide, some went to their graves without ever having their story told."
Michael Green says the school has also agreed to do more to prevent this, now offering an independently run hotline service for students to report any abuse.
In other developments, Kamehameha Schools is taking a lawsuit against the hospital where Dr Browne worked as chief of psychiatry at the time of his offending.
Mr Green says Honolulu police are also investigating new complaints involving staff at the school, amid allegations of sexual misconduct.
He warns parents to take note of behavioural changes in their children.
"Once they start looking the other way at school because they want to protect the image of that school children can become damaged for life.The parents start to notice unusual things about their child. They start acting out becoming angry, fighting. Sometimes its discovered, sometimes it is not. We have to be vigilant to protect our children. "
Hawaii News Now had reported that the school's chief executive Jack Wong and trustees had issued apologies to victims but there were concerns that the scandal could affect future educational programmes.
Dr Robert Browne never faced charges or served time as he took his own life in 1991, when one victim confronted him.