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

Law360 (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.

The U.S. Court of Appeals for the Fifth Circuit ruled Thursday that Judge Stanwood Duval Jr. of the U.S. District Court for the Eastern District of Louisiana erred when he approved the settlement because there is a chance that attorneys’ fees...
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