A more thorough explanation:

IN GLOBO

in globo (in gloh-boh), adv.
As an undivided whole rather than separately.

1. The settlement was paid in globo to the three defendants.

2. The company decided to sell all its assets in globo instead of individually.

The term in globo means that something is being considered as a whole, rather than separately. In the first example, the settlement was paid to all three defendants as a lump sum, instead of paying each defendant separately. In the second example, the company decided to sell all its assets together, instead of selling them one by one. Both examples illustrate the concept of considering something as a whole, rather than separately.