News roundup: Shrimp processors object to BP settlement terms … Jindal to Speak at AFC National Policy Summit in N.J. … Facebook buys AOL patents from Microsoft for $550 million
All a part of the process: A group of Gulf Coast shrimp processors is asking a federal judge to hold off on preliminary approval of portions of BP's proposed class-action settlement of economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico. The deal calls for BP to pay $2.3 billion for certain seafood-related claims, but a court filing today by the American Shrimp Processors Association argues its members are unfairly excluded from that part of the settlement. The group says the settlement is more favorable to shrimp harvesters and boat captains than processors, even though they are in the same industry and have nearly identical future economic risks. U.S. District Judge Carl Barbier scheduled a hearing Wednesday on the request by BP and the Plaintiffs' Steering Committee for his preliminary approval.
The power to talk: Gov. Bobby Jindal will reflect on Louisiana's recent school choice expansion and stress the importance of continuing to increase educational options during a speech at the American Federation for Children's third annual National Policy Summit, to be held May 3-4 in Jersey City, N.J. "Governor Jindal serves as an example of how strong leadership and a bipartisan approach can improve the lives of children, and we can't wait to hear how he will inspire other governors across the country to stand up for children," says AFC Chairman Betsy DeVos in a news release. New Jersey Gov. Chris Christie will also speak at the summit, about which you can learn more here.
Bargains galore: Microsoft, which just bought patents from AOL for $1 billion, is now turning around and selling most of them to Facebook for $550 million. Facebook announced today it is buying about 650 of the 925 AOL patents and patent applications from Microsoft. Facebook will also get a license to use the rest of the AOL Inc. patents that Microsoft bought; similarly, Microsoft will get a license to use the patents Facebook is buying. This part of the arrangement amounts to an agreement between Facebook and Microsoft not to sue each other over any of the AOL patents. The companies are not saying what the patents cover. Read the full story from The Associated Press here.
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James "Jim" Beard
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