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The two companies issued a joint statement that the breach of contract lawsuit case has been settled. Fox Business Network and Leftfield Pictures did not reveal the details of the settlement deal.

A federal judge who ruled last year that the federal government should take full responsibility for some of the flooding that occurred in New Orleans, following Hurricane Katrina and other typhoons granted class-action status in the case.

Jill Ratner become the new leader of litigation team in Fox. The company announced her promotion to become new Executive Vice President of Litigation on Thursday.