On Tuesday, lawyers for the company and a class of nationwide plaintiffs told a California federal court that they were finalizing a global settlement agreement that would lead to the dismissal of various claims that span back a decade.

In 2002, Malinda Heerwagen filed a putative class action against Clear Channel that alleged monopolization in the live-music concert industry. Her lawsuit was followed by 22 other class action suits around the country.

In 2006-07, a federal court in California consolidated ...