Justice Arthur LeBlanc of the Supreme Court of Nova Scotia signed off on the agreement today between former residents of the orphanage and the provincial government, closing nearly 15 years of litigation.
The announcement brought tears, applause and embraces from former residents and supporters inside court.
Former residents allege they suffered physical, psychological and sexual abuse while living in the Halifax-area orphanage.
An advertising campaign is planned across Canada to inform former residents of the settlement and encourage eligible claimants to come forward.
Those who allege they were abused have until Aug. 18 to opt out of the proposed settlement.
The Home for Coloured Children opened in 1921 and operated for nearly seven decades.