A lawyer says State Farm Fire and Casualty Co. has settled a civil lawsuit with a Mississippi couple whose Biloxi home was destroyed by Hurricane Katrina.
Jack Denton, attorney for Norman and Genevieve Broussard, said the confidential settlement was reached April 25.
A jury awarded $2.5 million in punitive damages to the Broussards in 2007.
U.S. District Judge L.T. Senter Jr. later reduced that amount to $1 million. Then the 5th U.S. Circuit Court of Appeals ordered a new trial, saying Senter shouldn’t have allowed jurors to consider punitive damages.
State Farm spokesman Jonathan Freed said the company is pleased with the settlement.
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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