Attorney General reverses course, supports holding back percentage of BP settlements | NOLA.com

Louisiana A.G. Buddy Caldwell

Attorney General reverses course, supports holding back percentage of BP settlements | NOLA.com: "Reversing his position without explanation, Louisiana Attorney General Buddy Caldwell said Tuesday he would support holding back 4 percent of state financial recoveries from the Gulf of Mexico oil disaster to fund the work of the committee of plaintiff attorneys at the helm of the litigation.

File photoAttorney General Buddy CaldwellCaldwell will also assume a new higher-profile role in the consolidated litigation over the oil spill, and will join Alabama Attorney General Luther Strange as co-coordinating counsel for state interests.The news came in a court filing Tuesday afternoon that also withdraws an earlier objection Caldwell had filed with the U.S. Fifth Circuit Court of Appeals over the 4 percent withholding issue."

Meanwhile the Southeast Texas Record reports that Alabama A.G. Luther Strange who supported the hold back has shifted his position in light of the objection filed by the United States Department of Justice.  Strange reportedly now calls for Judge Barbier to reconsider.


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