Written by Linc Bedrosian
A federal judge has given final approval to BP's settlement with a bulk of businesses and individuals who lost money because of the 2010 oil spill in the Gulf of Mexico.
BP PLC has estimated it will pay $7.8 billion to resolve economic and medical claims from more than 100,000 businesses and individuals hurt by the nation's worst offshore oil spill. The settlement has no cap; the company could end up paying more or less.
U.S. District Judge Carl Barbier, who gave his preliminary approval in May, made it final in a 125-page ruling released Friday evening.
"None of the objections, whether filed on the objections docket or elsewhere, have shown the settlement to be anything other than fair, reasonable, and adequate," he wrote.
Read the full story at Claims Journal>>
The Bristol Bay Regional Seafood Development Association released their board of directors election results last week.
The BBRSDA’s member-elected volunteer board provides financial and policy guidance for the association and oversees its management. Through their service, BBRSDA board members help determine the future of one of the world’s most dynamic commercial fisheries.Read more...
Former Massachusetts state fishery scientist Steven Correia received the New England Fishery Management Council’s Janice Plante Award of Excellence for 2016 at its meeting last week.
Correia was employed by the Massachusetts Division of Marine Fisheries for over 30 years.Read more...