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5th Circ. Nixes 'Unfair' $21M Katrina Settlement

By Ryan Davis (December 17, 2010, 7:47 PM EST) -- A federal appeals court has rejected a planned $21 million settlement among Hurricane Katrina victims, the boards responsible for maintaining three levees that failed and the boards' insurer, ruling that the settlement is unfair and fails to ensure the residents will ever receive any money....

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