Judge set to preside over oil spill settlement; Halliburton objects
Published: April 25,2012
Tags: class action, courts, disaster, disastewr recovery, energy, environment, gas, habitat, judge, judicial, judiciary, offshore drilling, Oil, oil spill, petroleum, restaurants, seafood, settlement, spill, tourism, tourists, visitors, wildlife
NEW ORLEANS — A federal judge in New Orleans is set to preside over a hearing on a proposed class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico.
BP PLC and a team of plaintiffs’ attorneys are seeking U.S. District Judge Carl Barbier’s preliminary approval of the settlement agreement, which is designed to resolve more than 100,000 claims by people and businesses who blame the spill for economic losses. Barbier is scheduled to hear their request today.
BP estimates it will pay about $7.8 billion to resolve these claims, but the settlement doesn’t have a cap.
The deal was announced March 2, but its details are spelled out in hundreds of pages of documents filed last week.
Cement contractor Halliburton is objecting to the proposed settlement between BP and the plaintiffs group.
Halliburton said in a filing in federal court in New Orleans late yesterday the settlement improperly seeks to assign certain claims that BP has made against Halliburton to the Plaintiffs Steering Committee.
The Houston-based company says allowing the settlement to be approved under those conditions would affect its ability to independently settle with the PSC or individual plaintiffs. Halliburton also asserts it can’t be made to contribute to payments BP makes to the plaintiffs without a legal obligation to do so.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Deal for Jackson-Orlando flights in works with Allegiant
- (UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service
- Great River Industries moving headquarters to Natchez
- Congressional delegation applauds Air Force's decision on Keesler, but not satisfied
- Baseball stadium for Farish Street? It’s possible
- The Blues and higher education — Delta State launches the International Delta Blues Project
- Moon River Foods creating 100 jobs in Mississippi Delta
- County rescinds gun ban; sheriff says lawmakers may 'deal with the consequences'
- Singing River shutting doors on two Coast clinics
- Former state lawmaker Green dies at home at age 62