Attorneys Abandon Hurricane Katrina Settlement

Law360, New York (March 13, 2007, 12:00 AM EDT) -- In an aboutface, the attorneys representing Hurricane Katrina victims have taken their proposed deal with State Farm Insurance off the table, concerned that the multimillion-dollar agreement will never come to pass.

On Monday, a legal team spearheaded by Richard Scruggs said in court papers that they were withdrawing their request for U.S. District Judge L.T. Senter Jr. to approve the deal due to a legal impasse.

"Given this stalemate, counsel must now direct even more focus on the hundreds of individual cases against State Farm and...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.