We're learning details of a settlement for a family whose son died at a fraternity rush party at the University of Missouri.

Jack Lipp, a 19-year-old from Libertyville, Illinois, died on Christmas Day, 2014, after falling about two weeks earlier at a Pi Kappa Phi party.

He was a freshman.

His parents agreed to a $5-million settlement with the owner of the property where their son died.

In their suit, the Lipps argued Jack fell after he leaned against an unsafe second-floor balcony, and the home's owners were aware the railing was not secure.