A judge approved the $750,000 settlement today between Dennis and Kimberly Quaid and Cedars-Sinai Medical Center.
Under the deal, the Quaids agreed not to sue the hospital over a medication error that nearly killed the couple's twin infants, and Cedars-Sinai will not admit to any wrongdoing.
Nurses at the hospital mistakenly gave twins Thomas Boone and Zoe Grace 1,000 times the recommended dose of the blood thinner heparin. They nearly died.
Cedars-Sinai was fined $25,000 by the California Department of Public Health. The hospital apologized to the Quaids and other affected patients' families and said it has taken steps to better train its staff.
The Quaids sued the Illinois manufacturer of heparin, Baxter Healthcare Corp., accusing it of negligence in packaging adult and pediatric doses in similar vials. According to the settlement papers, that action was dismissed because the event happened in California.
"It was the scariest, most frightening day that I think either of us have ever been through, to come face to face with your little kids who -- so young in that kind of situation," Quaid said on "60 Minutes."