$48 Million Settlement for Louisiana Sinkhole Claims

A federal judge has granted final approval of a $48.1 million class-action settlement for Louisiana residents affected by a 37-acre sinkhole that opened two years ago has been swallowing land ever since. U.S. District Judge Jay Zainey said Wednesday there were no objections to the settlement. It will compensate 269 people who lived in the Assumption Parish community of Bayou Corne. Texas Brine was operating a salt mine that’s believed to have caused the sinkhole.