January 4, 2011
Katrina Limited Fund Class Settlement Rejected by 5th Circuit
This missed by radar, and I'm glad the Drug & Device guys were on top of things (as usual). The Fifth Circuit (pdf) has rejected a proposed limited fund class settlement in a piece of the Katrina related litigation. The fund was composed of the defendants' $21 million insurance policies, and as D&D puts it, included a "grab bag of various and sundry injuries." D&D has a full analysis of the opinion.
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