La. Appeals Court Vacates $35M Katrina Claims Deal

Law360, New York (April 22, 2010, 2:44 PM EDT) -- A Louisiana appellate court has vacated a $35 million settlement between Louisiana Citizens Property Insurance Corp. and policyholders alleging that the state insurer did not handle claims in the aftermath of Hurricane Katrina in a timely manner, finding that class members subsumed into two competing class actions were not adequately notified of the deal.

A five-judge panel in the Court of Appeal for the Fourth Circuit of Louisiana on Thursday described the settlement as an end-run around a separate class action alleging similar claims in a...
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