Murphy Oil Sends First $60M To La. Residents

Law360, New York (March 28, 2007, 12:00 AM EDT) -- Murphy Oil USA Inc. has started to make amends with thousands of Louisiana residents whose homes and businesses were damaged by an oil tanker spill that leaked into their neighborhood during Hurricane Katrina, sending out the first $60 million of a $330 million class action settlement.

The $60 million in payments went out to more than 6,000 property owners and renters, the AP reported, citing a Murphy Oil spokesperson.

Individual class members will receive occupancy checks for either $2,500 or $3,375 depending on the location of...
To view the full article, register now.