A Template For Designing Mass Tort Settlement Structures

Law360, New York (June 17, 2013, 1:00 PM EDT) -- In April 2010, the Deep Water Horizon drilling rig explosion and ensuing oil spill resulted in multiple deaths, closed areas to fishing and harvesting of shrimp, oysters and other seafood[1] and significantly disrupted the economy of the Gulf region. This unprecedented oil spill disaster played out as live headline news night after night on local, national and international media. Individuals, business owners, local officials and politicians representing their constituents were becoming increasingly frustrated and vocal about the need for immediate financial and environmental relief.

Cleanup activities and...
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