BP Oil Spill Deal Unfair To 200K Victims, Miss. AG Says

Law360, New York (April 26, 2012, 2:28 PM EDT) -- Mississippi Attorney General Jim Hood attacked the proposed $7.8 billion settlement of private claims against BP PLC over the Macondo oil spill Wednesday, contending the deal should include nearly 200,000 victims who signed releases when they received payments from BP's private claims facility.

The attorney general's objections, filed in Louisiana federal court, came the same day the judge overseeing the multidistrict litigation over the massive oil spill reportedly said he was leaning toward preliminarily approving the settlement.

U.S. District Judge Carl Barbier said at a hearing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.