Shrimp Processors Object to BP Settlement Terms

Monday, 23 Apr 2012 02:27 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

NEW ORLEANS (AP) — A group of Gulf Coast shrimp processors is asking a federal judge to hold off on preliminary approval of portions of BP's proposed class-action settlement of economic damage claims from the 2010 oil spill in the Gulf of Mexico.

The deal calls for BP PLC to pay $2.3 billion for certain seafood-related claims, but a court filing Monday by the American Shrimp Processors Association argues its members are unfairly excluded from that part of the settlement.

The group says the settlement is more favorable for shrimp harvesters and boat captains than processors even though they are in the same industry and have nearly identical future economic risks.

U.S. District Judge Carl Barbier scheduled a hearing Wednesday on the request by BP and the Plaintiffs' Steering Committee for his preliminary approval.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

China Unveils New Warfare Drones at Air Show

Tuesday, 25 Nov 2014 15:45 PM

From the Chinese point of view, wars of the future are looking more like Star Wars every day.
 . . .

Apple Tops $700 Billion Valuation With IPhone, IPad Demand

Tuesday, 25 Nov 2014 12:48 PM

Apple Inc., already the world's largest company by market capitalization, hit a new record value: $700 billion.Shares of . . .

Recharge Your Phone in 30 Seconds? Israeli Firm Says It Can

Monday, 24 Nov 2014 08:51 AM

An Israeli company says it has developed technology that can charge a mobile phone in a few seconds and an electric car  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved