A Security Pacific unit settled a securities case.

Security Pacific Clearing & Services Corp. agreed to return $3.8 million in securities to Land of Lincoln Savings & Loan of Berwyn, Ill., in a dispute arising from the collapse of New York-based Parr Securities in May. The Illinois thrift said the securities were transferred to the bank’s account shortly before Parr went under. Lincoln said its total loss from the affair would be less than the $6.6 million originally estimated.