$330 Million Proposed Class Action Settlement Reached in Murphy Oil Lawsuit

The class action lawsuit stemming from an oil spill after Hurricane Katrina at the Murphy Oil refinery in Meraux, was set for $330 million settlement.

The proposed settlement includes $80 million paid so far to settle roughly 2,700 household claims, said Sidney Torres, the court-appointed liaison for the committee.

Another $160 million would go toward property buyouts and paying property owners in the area, while the remaining $90 million would be for cleanup

Murphy would pay for comprehensive cleanup of property and make a good-faith effort to purchase homes and property in the neighborhood closest to the refinery and class members would receive compensation for property damage, diminished property value, inconvenience and mental anguish.

Link [www.nola.com/news/t-p/metro/index.ssf?/base/news-17/115925229818230.xml&coll=1]

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