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If approved by a judge, the settlement will be paid by environmental nonprofit Global Green.
Pitt announced the housing project in 2006, one year after Katrina.
But Make It Right allegedly ignored complaints after the new homeowners moved in.
Still, hes no stranger to the court.
Earlier this year,he sued his exfor selling her shares in the French vineyard they once owned together.
Pitts team has denied the accusations against him.
