In mid-October, Patrick Juneau, the Lafayette attorney appointed to take over the BP claims process from Kenneth Feinberg, told the Houston Chronicle he was optimistic about the fate of the massive BP settlement in the works for thousands of Gulf workers affected by the 2010 BP oil spill. The $7.8 billion partial settlement was reached in early March after thousands of coastal businesses and property owners sued over economic damages.
In an after-hours filing Monday, BP also urged the federal judge overseeing the case to approve it, arguing that the alternative is “all-out litigation that would last many years and have an uncertain outcome for class members.”
“The settlement will bring full compensation to all class members, including those on the Gulf Coast, while resolving a major component of the Deepwater Horizon litigation,” BP lawyers wrote in Monday’s filing. Reports Bloomberg BusinessWeek:
Lawyers representing more than 13,000 spill victims have attacked the settlement, BP said in the filing. Fewer than 1,000 claimants have formally opted out of the deal so far, BP said. The objectors represent “only a small fraction of the total class members,” the company said.
BP, based in London, agreed in March to pay an estimated $7.8 billion to resolve most private plaintiffs’ claims for economic loss, property damage and injuries. The settlement, reached days before a scheduled trial on liability for the 2010 spill, doesn’t cover federal government claims and those of the Gulf Coast states.
In September, Louisiana Attorney General Buddy Caldwell joined Mississippi and an organization representing fisheries in objecting to the settlement. Caldwell filed a brief in federal court, arguing that the cap on payments to fishers could leave the state responsible for a potential fishery collapse like the one that occurred three years after the 1989 Exxon Valdez.
Oilfield service company’s year-over-year revenues climbed 3.7 percent.
Move is part of company-wide consolidation of residential call centers.
Contentious deposition renders LOGA chief too ill to testify. Here's why.
Proposal for the upcoming legislative session would set Louisiana’s minimum wage at $10 per hour, beginning in 2015, up from the federal rate of $7.25 per hour.
Patrick Kane II recalls his mother awakening him 50 years ago to say his dad’s plane was missing.
His health affected by a contentious deposition last week, the LOGA chief says he can't testify (court will reconvene March 10).
Chair of the energy committee, Mary Landrieu (discussing the urgency of Keystone with Canadian Foreign Minister John Baird) should get the respect she deserves in Louisiana.
A fundraiser co-chaired by former U.S. attorneys from both sides of the political aisle could signal the end of Mike Harson’s long grip on the D.A.’s office.
Former W. Home Furnishings owner Rene Ward faces seven years in prison.
Stuller’s Danny Clark focuses on satisfied customers and effective employees as he settles in as the company’s president/COO.
Sterling Ford-Lincoln of Opelousas ribbon cutting and the State of the Parish address
Increases in higher-end home sales say a lot about the health of the overall market.
Who joined whom or got promoted?
World-class athlete riding high in custom bike biz.
Setting the record straight on that February story in HuffPo
Liability waivers — what you need to know before you sign
A one-man operation, Brett Gauthier is bringing the oil and gas industry into the age of digital animation.
Planning a meeting with results
Local Ad Fed’s Copywriter of the Year and recently named creative director at Russo tapped for Boston Marathon project.
Forecasts for more frigid weather drive prices to highest level in four years.
CiCi's Pizza on Johnston Street will be torn down to make way for popular bakery-café Panera Bread's first Lafayette store.
A computer services company announced Tuesday that it plans to open a new technology center in Bossier City, creating 800 new jobs and bolstering efforts to position northwest Louisiana as a center for cybersecurity work.
The four-week moving average, which is a less volatile measure of claims, decreased to 2,332 from the previous week's average of 2,566.
Auto dealership welcomes the community to celebrate
Trio conspired to cash counterfeit commercial checks at banks in Lafayette, Broussard, Crowley, Lake Charles and Sulphur