Oystermen Make Settlement Offer

The Times-Picayune reports that the oystermen who won a $1.3 billion judgment against the state for the destruction of their harvesting area have made a settlement offer of $243 million--about 81% less than the award handed down by the Plaquemines Parish jury that first heard the case. The case was recently argued before the Louisiana Supreme Court and the oysterman's offer stands until the court issues a decision or until July 10, whichever comes first.

Posted by AJR at June 13, 2004 12:42 PM