Ashkenazy received a $800,000 court settlement.

The Los Angeles real estate executive and hotelier said he obtained the out-of-court agreement involving two lawsuits with Great Western Financial, the S&L; holding company that bought Financial Federation Inc. in 1983. In the first suit, filed in 1982, Fin Fed charged Severyn Ashkenazy with buying its stock without making the proper disclosures. That suit was thrown out of court and Ashkenazy was awarded $520,000 in attorney’s fees because the judge ruled that the legal action was filed in bad faith. Ashkenazy later sued Fin Fed, charging that he had been libeled by its officers and directors. The agreement settles both suits, Ashkenazy said.