A New Orleans judge gave preliminary approval today to a settlement agreement that would end a class-action lawsuit against one of the nation's largest publicly owned health care companies. Under the terms of the deal, Tenet Healthcare Corporation and a subsidiary will pay $25 million to patients and visitors trapped at Memorial Medical Center after Hurricane Katrina.
The settlement would release the company from any future liability for claims by the class members. The $25 million, minus legal fees, will be divided by a court-appointed administrator according to criteria that have not yet been established. The number of class members is unknown, but there were 187 patients and about 800 visitors in the hospital when the emergency took hold. Tenet reported revenues of more than $9 billion in 2010.
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The settlement would release the company from any future liability for claims by the class members. The $25 million, minus legal fees, will be divided by a court-appointed administrator according to criteria that have not yet been established. The number of class members is unknown, but there were 187 patients and about 800 visitors in the hospital when the emergency took hold. Tenet reported revenues of more than $9 billion in 2010.
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