UPDATE 1-US attorney general to visit Gulf Coast Tuesday

(Adds details of visit, background)

WASHINGTON, May 31 (BestGrowthStock) – U.S. Attorney General Eric
Holder will survey the damage from the Gulf Coast oil spill on
Tuesday and meet with federal prosecutors and state attorneys
general, the Justice Department said on Monday.

It will be Holder’s first trip to survey the damage before
what legal experts believe will be a criminal investigation
into the Deepwater Horizon rig explosion last month that killed
11 workers and led to the gushing oil spill.

Holder has said the Justice Department was looking into
whether there was any “malfeasance” related to the oil spill
and that his department was monitoring the situation to ensure
those responsible pay for the damage and cleanup.

After a tour and briefing by the U.S. Coast Guard, Holder
will meet with the state attorneys general from Louisiana,
Alabama and Mississippi as well as U.S. attorneys from those
states. Holder is also scheduled to speak to reporters in New

The Justice Department has already demanded that the
companies involved in the spill, including BP Plc (BP.L: ),
Transocean Ltd (RIGN.S: ) and Halliburton Co (HAL.N: ) to preserve
paperwork related to the accident that could become part of an

Experts have said the Justice Department was likely eyeing
potential violations of the Clean Water Act, the Endangered
Species Act, the Migratory Bird Treaty Act and the Refuse Act.

Stock Market Analysis

(Reporting by Jeremy Pelofsky; Editing by Peter Cooney)

UPDATE 1-US attorney general to visit Gulf Coast Tuesday