Record settlement reached in Australia wildfire suit

Record settlement reached in Australia wildfire suit

Survivors of one of Australia's deadliest wildfires are to be awarded nearly 500 million Australian dollars in a class-action settlement reached Tuesday, the largest such compensation in the nation's history.

The fire killed 119 people and was the biggest in a series of blazes that tore through the southern Australian state of Victoria in 2009.

More than 5,000 people joined the class action against electricity provider SP AusNet, arguing the company was negligent because it hadn't maintained its power lines, which sparked the fire. The group also sued Utility Services Corporation Ltd., which SP AusNet hired to maintain the lines, and the Victorian government.

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