Earlier quoted context omitted.
There is a risk that settling sweeps chronic, bad behavior under the rug. Which is especially bad when powerful actors can use settlement to coerce victims into hiding the truth, and enabling future bad behaviors.
It absolutely does that... but the victim(s) sign the settlement, so it seems they are not ready to die on that hill.
But the larger question is about whether this state of affairs is good for society. As citizens of a democracy, we (theoretically) get to have a say in how courts are run, and if the way the courts are run permits wealthy corporations to buy their way of repeated violations and be utterly unrepentant about it, maybe the rules need re-examining.