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#Louisiana law

Law firm may help Lafayette with BP

Posted: 07/19/2015 11:56 AM

LAFAYETTE, La. (AP) - The Lafayette Consolidated Government may hire a New Orleans law firm to handle negotiations for a settlement payment from BP for economic losses resulting from the 2010 Deepwater Horizon disaster.

Several public entities in the state already have reached settlement agreements, but Lafayette s claim for a share of the BP pie has yet to be resolved. The city-parish filed a claim in 2013.

Lafayette officials have declined to talk about how much money they are seeking or any aspect of the negotiations - including how it will be spent.

City-Parish Council Chairman Kenneth Boudreaux tells The Advocate (http://bit.ly/1MAx48n ) he is reluctant to even consider how any extra cash might be spent, considering the uncertainty of the settlement.

Officials say the law firm s fee would be up to 15 percent of any payout.

Information from: The Advocate, http://theadvocate.com

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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