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.

– SBS