A state court of appeal has tossed a $661 million judgment by oyster farmers against Louisiana taxpayers. “Despite evidence showing that some of the allegedly dead leases have produced thousands of oysters since the diversion began operating in 1991, [District Court Judge Manuel] Fernandez sided with the plaintiffs and awarded them $370 million — more money than the leases had ever generated.” A related $1.3 billion judgment is still on appeal to the Louisiana Supreme Court (May 25; Oct. 18). (Jeffrey Meitrodt, “Oyster farmers’ $661 million in awards tossed on appeal”, New Orleans Times-Picayune, Sep. 10; latest Naked Ownership blog entries) (via Bashman). Update Oct. 24: La. Supreme Court throws out cases.
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