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Tag Archives: settlement

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 FBI director Louis Freeh shows ...

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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 company reached a settlement with ...

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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, alleging mismanagement. The Natchez Democrat ...

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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 money by their own government. ...

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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 with net earnings of $37.3 ...

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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 sides that dates back as ...

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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 products conspired to decrease the ...

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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 company hasn’t provided any evidence ...

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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 in a packed courtroom before ...

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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 reports the county had filed ...

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