President Corazon Aquino said Friday her government may reach out-of-court settlements with the family of late President Ferdinand Marcos in a number of civil lawsuits pending in U.S. courts.

Local newspapers reported the Marcoses and a presidential commission were nearing an agreement whereby the government would get 60 percent of the funds deposited in five Hong Kong bank accounts by representatives of Marcos."The projected settlement does not entail dropping civil cases in the Philippines, but possibly civil suits in the U.S. only, if the amounts recovered are significant," Aquino said in a statement. "Criminal cases are not part of the settlement."