BILOXI — The city of Biloxi hasn’t yet received its $5.9 million settlement from BP from the Deepwater Horizon oil spill but city officials are trying to get attorneys to reduce the 20 percent contingency fee.
The Sun Herald reports a special meeting was called Thursday to discuss the 2012 contract with Biloxi law firm Page, Mannino, Peresich and McDermott.
As it stands, Biloxi is required to pay attorneys about $1.2 million in legal fees.
Ron Peresich previously told the Sun Herald his firm hired several other lawyers to help represent the city and those firms will share 8 percent of the fee.
Several local attorneys attended the meeting at city hall. Tim Holliman, who represented Harrison County in its BP settlement, said he is against Biloxi’s attempt to change the contract with the attorneys.
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