Brisbane 2011 flood victims win $440 million in class action partial settlement | ABC News

Victims of the 2011 Brisbane floods will be paid $440 million in compensation from a class action in a partial settlement over the operation of the Wivenhoe Dam, north-west of Brisbane. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3kr3SsF

More than 6,500 residents won the landmark class action in 2019 after Queensland water authorities were found to have negligently managed the dam in the January 2011 floods, exacerbating damage to homes.

The historic settlement covers 50 per cent of the $880 million liability for damages.

State-owned dam operator Seqwater owes the remainder but is appealing against the payout, with a hearing set down for May.

"This has been a hard-fought and extremely expensive case on behalf of approximately 6,700 claimants ... over many years," a spokesperson for litigation funder Omni Bridgeway said in a statement announcing the settlement this morning.

ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook:   / abcnews.au  
Follow ABC News on Instagram:   / abcnews_au  
Follow ABC News on Twitter:   / abcnews  

#ABCNews #ABCNewsAustralia