Posts Tagged ‘settlement’

Oil spill trial begins look into how much oil leaked into Gulf

NEW ORLEANS — The focus of a trial over BP’s 2010 oil spill in the Gulf of Mexico has shifted to the multibillion-dollar question of how much crude gushed from BP’s blown-out well. Lawyers for BP and the federal government began Monday presenting U.S. District Judge Carl Barbier with conflicting scientific theories to explain their […] [...]

City-schools squabble continues even after settlement

JACKSON — Months after a court order supposedly settled the issue, the Jackson Public School District is once again at odds with the city government over school taxes. According to emails and a settlement offer obtained by The Clarion-Ledger, the school system contends the city broke the agreement struck in July that set the district’s […] [...]

Supreme Court reprimands, fines judge

SMITH COUNTY — The Mississippi Supreme Court has ordered a public reprimand and fine for a judge who was accused of failing to disclose a potential conflict in a Smith County asbestos case that resulted in a $322 million verdict. In May 2011, attorneys for Union Carbide Corporation said Circuit Judge Eddie H. Bowen neglected […] [...]

BP asks judge again to suspend oil spill settlement payments

NEW ORLEANS — BP yesterday renewed its request for a federal judge to temporarily suspend settlement payments to Gulf Coast residents and businesses following its massive 2010 oil spill, citing a scathing report on alleged misconduct within the court-supervised program. In a court filing, BP attorneys said the report issued earlier this month by former […] [...]

Shipbuilder reaches $180M settlement with insurer for Katrina losses

PASCAGOULA — Huntington Ingalls Industries and its insurer have reached cash settlement for $180 million for the shipbuilder’s losses from Hurricane Katrina in 2005 at facilities in Pascagoula and Avondale, La. The Mississippi Press reports that the information was contained in a filing this week with the Securities and Exchange Commission. On Sept. 6, the […] [...]

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 […] [...]

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