Nearly $43 million settlement proposed over FEMA trailers

Companies that made and set up trailers used as emergency housing after Hurricane Katrina have agreed to a nearly $43 million settlement with people who say they were hurt by formaldehyde in the units. The settlement has been submitted to a federal judge in New Orleans, said Gerald Meunier, a lawyer for plaintiffs in the class-action lawsuit. A hearing has been set for September for final approval, but a preliminary OK could come this week, he said.