Shrimp processors object to BP settlement terms

Shrimp processors object to BP settlement terms

Credit: AP

Ken Frelich, right, and Richard Blank load shrimp into a tank at a boat harbor in Empire, La., Tuesday, May 25, 2010. The shrimp were caught in the open area which takes about three hours from the harbor. Although the number of non-farm jobs in Louisiana in April was unchanged from March, state labor officials warned Tuesday that unemployment likely will rise as the result of the oil spill disaster in the Gulf of Mexico. (AP Photo/Jae C. Hong)

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wwltv.com

Posted on April 23, 2012 at 12:43 PM

The Associated Press

NEW ORLEANS -- 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 spawned by the 2010 oil spill in the Gulf of Mexico.

The deal calls for BP 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

 

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