A federal judge gave preliminary approval to a settlement between BP PLC and individuals and businesses that suffered economic harm or medical costs associated with the Deepwater Horizon oil spill and clarified that BP, and not the claimants themselves, would pay the lawyers who spearheaded the litigation.
In approving the deal, estimated by BP to be worth $7.8 billion, U.S. District Judge Carl Barbier on May 2 rejected nearly a dozen objections by parties including Halliburton Energy Services Inc., which is a remaining defendant in the multidistrict litigation over the spill, and the states of Mississippi and Florida.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
