Class Members Call $8B BP Deepwater Property Deal Unfair

Law360, New York (September 10, 2012, 1:19 PM EDT) -- Class members from BP PLC's $7.8 billion settlement of economic and damage claims over the Deepwater Horizon oil spill told a Louisiana federal judge on Friday that they were dissatisfied with the agreement, arguing the deal arbitrarily discriminates among parcels of land.

Calling for the court to reject the agreement, the class members said the settlement unfairly excluded pieces of property despite being identically situated to those that are eligible. The agreement also has an arbitrary standard for determining whether particular parcels are considered “oiled” and...
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