Neither side has commented on the dismissals, so there is still context missing for what steps are expected next by each party.
Unlike Wallace's dismissal, which is effectively permanent, the latest dismissals are "without prejudice," so they are not part of a settlement and can still be refiled. However, many of the claims of the lawsuit were being challenged by the plaintiffs due to the alleged expiration of the statute of limitations before the original filing; a refiling would only subject more of the former players' claims to that challenge.
On Thursday, February 23, Magistrate Judge Helen Adams entered an order requiring the plaintiffs to respond to all pending motions, including motions for summary judgment by the now-dismissed defendants, by March 10, 2023. Defendants are frequently dismissed from lawsuits after completion of a settlement between the parties, but there is no indication from any party that a settlement has been reached here yet, and the dismissal without prejudice would be somewhat unusual as part of a finalized settlement.
Discrimination Lawsuits Dismissed Against Iowa Football Coaches