Latest news: March 6, 2012
$7.8 Billion BP Settlement Would Shut Down GCCF
By Debbie Williams, WKRG-TV
“BON SECOUR, Alabama — BP has agreed to pay 7.8 billion dollars to settle a class action lawsuit involving individuals and businesses damaged by the worst oil spill disaster in U.S. history. One one of those individuals is Tracy Redding. “In the end do I think we will end up closer to whole than we are, probably. But there is still so many unanswered questions…” (Read more)
BP oil spill settlement claims process will have a new name
By Rebecca Mowbray, The Times-Picayune (New Orleans, La.). March 5, 2012.
“In crafting the settlement with BP over private-party claims for the Gulf oil spill, the committee of plaintiff attorneys leading the negotiations wanted to make sure to distinguish their claims settlement program from that of the Gulf Coast Claims Facility operated by lawyer Kenneth Feinberg…” (Read more)
Gulf fisheries in decline after oil disaster
By Dahr Jamail, Al Jazeera. March 5, 2012.
“New Orleans, LA – Hundreds of thousands of people living along the US Gulf Coast have hung their economic lives on lawsuits against BP.
Fishermen, in particular, are seeing their way of life threatened with extinction – both from lack of an adequate legal settlement and collapsing fisheries…” (Read more)