Posts Tagged ‘settlement’

Hospital dipping into settlement money while sale continues

NATCHEZ — Natchez Regional Medical Center officials say they have had to use money from a 2012 legal settlement to address pressing needs as Adams County officials continue efforts to sell the facility. The undisclosed settlement was reached with the medical center’s former management company, Quorum Health. The county-owned hospital had sued Quorum in 2008, […] [...]

Hosemann files brief against SEC over Morgan Keegan settlement

JACKSON — Secretary of State Delbert Hosemann has filed a brief in support of a lawsuit filed against the Securities and Exchange Commission (SEC) concerning the Morgan Keegan settlement. The case demands the SEC finally distribute millions of dollars in settlement funds to Mississippi investors. “Injured Mississippi investors have been stopped from receiving their own […] [...]

Cal-Maine’s bottom line impacted by antitrust settlement

JACKSON — Cal-Maine Foods Inc., for the fourth quarter of fiscal 2013, saw net sales of $325.9 million compared with net sales of $275.2 million for the fourth quarter a year ago. The egg company reported a net loss of $3.8 million, or $0.16 per basic share, for the fourth quarter of fiscal 2013 compared […] [...]

Schools settle lawsuit with city over tax collections

JACKSON — Jackson Public Schools and the city of Jackson have settled a lawsuit over the school system’s tax collections The Clarion-Ledger reports an agreement was finalized last week that will max out the district’s operational millage while protecting taxpayers from future hikes. The deal brings to an end a budgeting squabble between the two […] [...]

Cal-Maine settles anti-trust lawsuit filed in Pennsylvania

JACKSON — Egg producer Cal-Maine Foods Inc. said today that it agreed to settle egg antitrust class action claims for $28 million pretax. The claims were filed in Pennsylvania federal court. Class members can opt in or out of the settlement. The class-action lawsuit alleges that Cal-Maine and some producers of shell eggs and egg […] [...]

Attorneys ask judge to allow oil spill payments to continue

NEW ORLEANS — A team of plaintiffs’ lawyers urged a federal judge on Thursday to reject BP’s bid to suspend all settlement payments to Gulf Coast businesses and residents who claim they lost money after the company’s 2010 oil spill. In a court filing, attorneys who brokered a multibillion-dollar settlement with BP PLC say the […] [...]

Appeals court hears BP challenge on oil spill claims

NEW ORLEANS (AP) — BP PLC is being forced to pay inflated and even “fictitious” claims to businesses because of the way a court-appointed administrator is making payments from a legal settlement following the 2010 oil spill in the Gulf of Mexico, an attorney for the oil giant said Monday. Ted Olson made the arguments […] [...]

Insurer settles with county over damaged roads

CORINTH — The insurer for a transport company has paid $247,500 for damage to Alcorn County roads in 2011. The board of supervisors accepted the settlement for damage to Holly Church Road and Henson Road. Supervisors say the roads were damaged during a transport job by Burkhalter Rigging of Columbus. The Northeast Mississippi Daily Journal […] [...]

SoS delivers Point Cadet settlement check to USM

HATTIESBURG — Secretary of State Delbert Hosemann has presented the University of Southern Mississippi with a check for $432,307 in the President’s Conference Room at the Aubrey K. Lucas Administration Building on the University’s Hattiesburg campus. The funds are part of a settlement agreement reached in 2002 resolving long standing land issues on a piece […] [...]

SEC finally releases Morgan Keegan settlement plan

JACKSON — After repeated requests, the Securities and Exchange Commission has finally announced the proposed plan to distribute Morgan Keegan settlement funds to Mississippi investors, according to the Office of Secretary of State. “For two years, the SEC ignored the pleas of investors to release this money. They desperately need their settlement funds,” says Secretary […] [...]

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