Judge orders temporary halt to oil spill payments
Published: January 4,2012
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal