In less than four months, BP and a host of other defendants, plaintiffs and assorted hangers-on are set to descend on New Orleans federal district court for a marathon trial to determine liability in multidistrict litigation over the Deepwater Horizon oil spill.
But for one major defendant, Anadarko Petroleum, the stakes are suddenly a whole lot lower. On Monday, after winning rulings in August and September that mostly knocked out the threat of personal injury claims and punitive damages against it in the MDL, Anadarko announced that it will pay $4 billion to BP to end the multibillion-dollar game of finger pointing that’s been keeping the two companies’ lawyers busy since the Deepwater rig exploded.
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