5th Circuit: Bona Fide Payee Need Not Return Settlement Fund Payment

Mealey's (January 10, 2017, 9:46 AM EST) -- NEW ORLEANS — A company that received $20,000 from a claimant that received money from the Deepwater Horizon Economic and Property Damages Settlement to repay a loan does not need to return the money to the settlement fund, a Fifth Circuit U.S. Court of Appeals panel ruled Jan. 6, holding that the company was not unjustly enriched (In re:  Deepwater Horizon, Woodbridge Baric Pre-Settlement Funding LLC v. Louis J. Freeh, No. 15-30599, 5th Cir.)....