Home » Tag Archives: BP

Tag Archives: BP

$87 million each for lead firms in 2010 oil spill litigation

NEW ORLEANS — A committee of attorneys involved in litigation arising from the 2010 Gulf of Mexico oil spill has made its recommendation for dividing some $700 million in fees among 122 law firms involved in years of complex legal work. Two Louisiana law firms involved in the litigation from its early days each will get roughly $87.8 million if ...

Read More »

House balks at Senate plan for oil spill damage account

Mississippi lawmakers may be unable to decide this year how to spend $750 million in oil spill damage payments, with sniping between House and Senate members after a bill died at a Tuesday deadline for action when the House Appropriations Committee didn’t bring it up. House members from Mississippi’s coast said Senate Bill 2634 didn’t have the detailed structure they wanted to ...

Read More »

Attorneys in BP settlement will divide $555.2 million

A judge has ruled a group of attorneys will divide $555.2 million for their work on behalf of people and businesses who suffered economic damages because of BP’s 2010 Gulf oil spill. U.S. District Judge Carl Barbier (BAHR’-bee-aye) of New Orleans issued a 42-page ruling spelling out reasons for the award, the result of work on a 2012 settlement that ...

Read More »

Biloxi to join lawsuit seeking more oil spill money

Biloxi plans to join a class-action lawsuit against other companies besides BP that were involved in the 2010 Gulf of Mexico oil spill. The Sun Herald reports that the City Council on Tuesday hired attorneys to file a claim in a class-action lawsuit under the HESI/Transocean Settlement Program. The newspaper reports that potential claims will be filed against Halliburton Energy ...

Read More »

BP estimates cost of 2010 Gulf oil spill at $61.6 billion

Oil giant BP PLC has put a final price tag on what its catastrophic Gulf of Mexico oil spill cost the company, and it’s a hefty sum: $61.6 billion. The company issued the estimate Thursday, the first time it has put a total cost on the catastrophe. BP said it expects to spend a total of $44 billion after tax ...

Read More »

Mississippi set to get first $150M from oil spill settlement

Mississippi is about to receive the first $150 million for economic damages from the 2010 Gulf of Mexico oil spill. Attorney General Jim Hood says the payment from BP is expected Friday. Under a multistate oil spill settlement, Mississippi is to receive almost $2.2 billion. About $1.5 billion is for environmental restoration and economic development. The Legislature will decide how ...

Read More »

Impacts of BP oil spill continue

By BECKY GILLETTE The National Wildlife Federation report, 9 Things You Didn’t Know About the Deepwater Horizon Disaster and How We Can Restore the Gulf of Mexico, includes these key findings: *Nearly all of the populations of dolphins and whales in the oiled area were found to have demonstrable, quantifiable injuries. *In the five years after the disaster, more than ...

Read More »

BP oil spill settlement paves the way for recovery progress

By BECKY GILLETTE The Deepwater Horizon oil spill court settlement between BP and the government reached April 4—just a couple weeks before the sixth anniversary of the world’s largest oil spill disaster—opens the way for millions of dollars being allocated for projects on the Mississippi Gulf Coast designed to compensate for the environmental damages. There are three different funding streams ...

Read More »

Last defendant pleads not guilty in major BP fraud case

GULFPORT — The last of seven defendants in a BP claims fraud case, 33-year-old Thi Houng Le, has pleaded not guilty to 95 felony charges. The Sun Herald reports Le was represented in U.S. District Court on Monday by Public Defender John Weber because, she said, she could not afford an attorney. Weber said he has been representing the Grand ...

Read More »

Biloxi council negotiating over BP legal fees

BILOXI — The city of Biloxi hasn’t yet received its $5.9 million settlement from BP from the Deepwater Horizon oil spill but city officials are trying to get attorneys to reduce the 20 percent contingency fee. The Sun Herald reports a special meeting was called Thursday to discuss the 2012 contract with Biloxi law firm Page, Mannino, Peresich and McDermott. ...

Read More »