Posts Tagged ‘settlement’

Southern Miss gets money from Point Cadet settlement

by MBJ Staff Published: October 5,2012

Tags: dispute, education, funding, higher education, land, money, property, real estate, settlement, state agency, university

HATTIESBURG — Secretary of State Delbert Hosemann has presented the University of Southern Mississippi with a check for $366,100. The funds are part of a settlement agreement reached in 2002 resolving longstanding land issues on a piece of property located at Point Cadet in Biloxi. As part of the settlement agreement, funds generated from rents [...] [...]

Judge approves $42.6M FEMA toxic-trailer settlement

GULF COAST — A federal judge gave his final approval yesterday to a $42.6 million class-action settlement between companies that made and installed government-issued trailers after hurricanes in 2005 and Gulf Coast storm victims who claim they were exposed to hazardous fumes while living in the shelters. U.S. District Judge Kurt Engelhardt ruled from the [...] [...]

Hood presents check for $35M to state lawmakers

JACKSON — Attorney General Jim Hood has delivered a check to lawmakers for over $35 million in monies recovered by his office. As part of the Average Wholesale Price (AWP) litigation, the $35 million returned to the state includes more than $12 million from a settlement with Barr Laboratories Inc., IVAX Pharmaceuticals Inc., Sicor Pharmaceuticals [...] [...]

Howard Industries settles post-raid discrimination lawsuit

LAUREL — Federal court records show a Mississippi company that was the target of the largest U.S. workplace raid on illegal immigrants has settled a discrimination lawsuit by four black women who claimed the company gave preferential treatment to Latinos. A tentative settlement was announced in February. Details were released in court documents filed this [...] [...]

City settles federal lawsuit with Marie: Psychic Reader

HATTIESBURG — The city of Hattiesburg has settled a federal lawsuit filed by a couple who closed their business — “Marie: Psychic Reader” — because of a ban that the city later overturned. Court reporters’ records show the city agreed to pay $7,500 to Tommy and Marie Costello, who sued last August, the Hattiesburg American [...] [...]

BancorpSouth, shareholders ask judge to approve settlement

TUPELO — BancorpSouth Inc. and a group of shareholders have asked a federal judge in Tennessee to approve a settlement of a 2010 lawsuit. The Northeast Mississippi Daily Journal reports the proposal was filed recently in U.S. District Court of Middle Tennessee in Nashville after “arm’s-length negotiations” between mediators for both parties. The lawsuit was [...] [...]

Chicago law firm asks Court to toss fraud verdict

by Associated Press Published: June 27,2012

Tags: appeal, attorney, bench, client, court, decision, fraud, judge, judiciary, judu=icial, justuce, law, law firm, lawyer, settlement, verdict

JACKSON — A Chicago-based law office has asked the Mississippi Supreme Court to throw out a jury’s verdict saying it owes $103 million to a businessman who claimed the firm defrauded him. Oral arguments are scheduled for July 17 in Jackson. The case is among dozens the court will take up during its July-August term. [...] [...]

State receives premium taxes from AIG settlement

by MBJ Staff Published: June 27,2012

Tags: budget, insurance, public fund, settlement, state agency, state government, tax, taxpayer

JACKSON — The Mississippi Insurance Department has transferred $332,676 to the Mississippi Department of Revenue from premium taxes recently recovered during the settlement of a multi-state probe into American International Group’s (AIG’s) workers’ compensation insurance affiliates. The state of Mississippi received just under $1 million from the settlement earlier this spring. The monies are a [...] [...]

College Board will again try to raise funds to endow HBCUs

JACKSON — After years of delay, members of the state’s College Board will again try to raise $34 million in private money to endow Mississippi’s three historically black universities. The board pledged to raise a $35 million endowment over seven years for Alcorn State, Jackson State and Mississippi Valley State when the Ayers discrimination case [...] [...]

Chaney: State will receive nearly $1M from AIG settlement

by MBJ Staff Published: June 8,2012

Tags: fraud, insurance, insurance fraud, insurer, settlement, state agency, state governmeny

JACKSON — Mississippi will receive nearly $1 million in fines, penalties and taxes from American International Group Inc. (AIG) and its workers’ compensation insurance affiliates, according to the Mississippi Insurance Department. The monies are a result of a 2010 settlement agreement in a multi-state market conduct examination of AIG for its writing and financial reporting [...] [...]

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