Mississippi Businesses Feel Impact of BP Court Battles
BP and attorneys representing some of the businesses who say they were hurt by the 2010 Gulf oil spill were back in court this week. MPB’s Evelina Burnett reports on how the ongoing legal battles are affecting Mississippi businesses.
BP has argued that parts of the oil spill settlement agreement — dealing with the way some business economic losses are calculated — have been misinterpreted. It won that argument in an appeals court last month.
Since then, the processing of these types of claims has slowed to a trickle. Stephen Teague, an attorney at the Mississippi Center for Justice, says that’s been painful for some Mississippi businesses.
“Since the spill, a lot of people have been struggling to stay afloat. They’ve been able to hold out, but they may not be able to hold out any longer if they aren’t able to finally recover their losses from three years ago, and ongoing losses even after the spill,” Teague said.
MPB
11/5/13
Magnolia Tribune
