Toledo was shot to death during a foot pursuit back in March of 2021.
The officer said he saw a gun in the 13-year-old's hand when he opened fire.
In March 2021, Toledo was killed after a police chase in Little Village. According to police, officers were in the area, responding to a ShotSpotter alert near 23rd and Sawyer.
The Civilian Office of Police Accountability released body camera video from the deadly shooting.
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The video shows officers running after Toledo and another person. CPD Officer Eric Stillman reported seeing a gun in Toledo's hand. Stillman yells at Toledo to stop, and when he catches up with the teen, he fires a single shot. Toledo died at the scene.
Chicago's Department of Law said in a statement, "Plaintiff chose to voluntarily dismiss their case today against the City of Chicago and Eric Stillman rather than proceed to trial. The Plaintiff has a year to refile this case, and the City will defend the allegations when and if that happens."