Home » NEWS » Energy » Judge orders temporary halt to oil spill payments

Judge orders temporary halt to oil spill payments

GULF OF MEXICO — Damage payments from the compensation fund for BP’s massive oil spill in the Gulf of Mexico have been stopped temporarily because of a court order requiring a portion of settlement funds to be set aside to pay hundreds of lawyers working on behalf of claimants.

On Tuesday, the Gulf Coast Claims Facility, an entity set up to handle claims against BP, said payments would be halted to comply with a Dec. 28 order by U.S. District Judge Carl Barbier requiring 6 percent of payments go to plaintiffs’ lawyers.

A statement from the claims facility said the fund needs time to reformulate payments and comply with the order.

Barbier’s ruling throws a new wrinkle into a legal battle over fees and compensation.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*