Katrina Flood Victims Agree $20 Million Settlement

A class action against several levee boards in Louisiana has reached it conclusion with a federal judge granting final approval of a $20 million settlement.

Roughly 500,000 home and business owners who suffered damages resulting from Hurricane Katrina's flood waters brought the suit against levee boards.

A decision on how the funds will be dispersed among the Orleans, East Jefferson and Lake Borgne parishes has not been reached, and the settlement may be appealed.

SEPT-10-09: Katrina Flood Victims Agree $20 Million Settlement [AP: JUDGE APPROVES $20 MILLION SETTLEMETN OVER KATRINA DAMAGE]