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Tainted pet food suit settled for $24 million

Menu Foods, other pet food makers and retailers involved in last year's massive pet food recall will set up a $24 million cash fund to compensate pet owners, according to a proposed settlement filed Thursday in federal court. The fund is expected to compensate thousands of pet owners in the U.S. and Canada who bought recalled pet foods made by Menu and 11 others. The products had a contaminated ingredient from China that sickened dogs and cats.