Order unanimously affirmed with costs. Memorandum: We reject respondent's contention that Supreme Court lacked jurisdiction to entertain petitioners' application for approval, nunc pro tunc, of petitioners' settlement of a third-party action pursuant to Workers' Compensation Law § 29 (5). The Court of Common Pleas of Erie County, Pennsylvania, in which the third-party action was pending, declined to exercise jurisdiction on the ground that New York provided a more appropriate forum to resolve the matter (cf., Matter of Daly v Daly Constr. Corp., 136 A.D.2d 798, 800, lv denied 72 N.Y.2d 807).
The court properly exercised its discretion in approving the settlement. Respondent was not prejudiced by petitioners' delay in seeking judicial approval and the third-party action was settled for the limit of defendant's liability policy (see, Merrill v Moultrie, 166 A.D.2d 392, lv denied 77 N.Y.2d 804; Matter of Anzalone v Traveler's Ins. Co., 150 A.D.2d 567).