Mississippi Business Journal » damages

Judge accepts Transocean’s oil spill agreement

Associated Press — Thu, 14 Feb 2013 15:41:56 +0000

NEW ORLEANS — A federal judge has approved Transocean Ltd.’s agreement with the Justice Department to plead guilty to a misdemeanor charge and pay $400 million in criminal penalties for its role in the 2010 Gulf of Mexico oil spill. U.S. District Judge Jane Triche Milazzo accepted Transocean’s plea and imposed the agreed-upon sentence during [...]

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Court: Not enough info to make ruling on tort cap

Associated Press — Fri, 24 Aug 2012 13:43:29 +0000

JACKSON — The Mississippi Supreme Court says it does not have enough information to decide whether the state’s limit on noneconomic damages — as applied to a federal lawsuit — is constitutional. The 5th U.S. Circuit Court of Appeals in New Orleans, which is considering an appeal of a damage award against Sears, Roebuck and [...]

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DuPont to appeal $1 billion verdict for Monsanto

MBJ Staff — Fri, 03 Aug 2012 13:46:35 +0000

ST. LOUIS, Mo. — DuPont officials plan to appeal a federal jury’s record-setting $1-billion verdict that found the company willfully infringed a patent held by Monsanto. It took the jury 45 minutes to reach the largest collectible verdict in Missouri history Wednesday in U.S. District Court in St. Louis. DuPont’s best chance for success on [...]

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State judge declares tort cap unconstitutional; criticizes Legislature

Associated Press — Tue, 24 Apr 2012 20:14:59 +0000

CLARKSDALE — A state judge in Coahoma County has declared a legislatively imposed cap on non-economic damages unconstitutional. Circuit Judge Charles Webster issued the ruling April 20 in a 14-page opinion. He criticized the Legislature for intruding into judicial authority. Webster’s ruling came in a motion filed by Cleveland attorney Ralph E. Chapman in lawsuit [...]

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BP still faces hurdles after $7.8B oil spill settlement

Associated Press — Mon, 05 Mar 2012 12:46:03 +0000

GULF OF MEXICO — BP’s multibillion-dollar settlement with people and businesses harmed by its 2010 oil spill removes some uncertainty about the potential financial damages it faces. It also may help the company restore its all-important relationship with the federal government. Although the oil company still has a few major legal and financial hurdles to [...]

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Magistrate rules Transocean CEO doesn’t have to testify about oil spill

Associated Press — Thu, 02 Feb 2012 14:01:06 +0000

NEW ORLEANS — A federal magistrate has ruled that Transocean, Ltd. doesn’t have to make its CEO, Steve Newman, available to testify at a trial for tens of thousands of court claims spawned by the Gulf oil spill in 2010. BP PLC, which leased the Transocean-owned rig that caught fire and sank after the deadly [...]

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Mississippi Valley Silica appeals judge’s damage ruling

Associated Press — Thu, 02 Feb 2012 14:00:18 +0000

JACKSON — Mississippi Valley Silica Co. has argued that a trial judge’s rulings prevented it from presenting an adequate defense of a damage lawsuit. The company yesterday asked the Mississippi Supreme Court to throw out the $7.6 million award to the family of Robert Eastman. Eastman claimed he sustained irreparable lung damage from silicosis caused [...]

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Judge rules BP contract shields Hallibuton from oil spill damages

Associated Press — Wed, 01 Feb 2012 14:04:20 +0000

NEW ORLEANS — A federal judge ruled yesterday that Halliburton could avoid paying most of the pollution claims that resulted from the catastrophic 2010 Gulf of Mexico oil spill because it was shielded in a contract with well-owner BP. Still, U.S. District Judge Carl Barbier said that Halliburton is not exempt from paying punitive damages [...]

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Insurers will pay $32B for weather-related losses in 2011

MBJ Staff — Thu, 05 Jan 2012 18:01:27 +0000

ACROSS MISSISSIPPI — Insurance companies will pay more than $32 billion in claims to help people rebuild homes and businesses damaged or destroyed by natural disasters in 2011, a record year for federal disaster declarations, according to the Insurance Information Institute (I.I.I.). “Catastrophes striking the United States in the first nine months of 2011 caused [...]

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Coast harbor gets payment from BP for oil spill

Associated Press — Fri, 09 Dec 2011 14:56:41 +0000

BAY ST. LOUIS — The Hancock County Port and Harbor Commission has received a $509,000 settlement with BP. Port and harbor director Jack Zink says the commission has agreed not to sue BP over the 2010 oil spill. Zink tells the Sea Coast Echo the damage did not come from the oil, but rather from [...]

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