Texas Businesses Urge 5th Circ. To Sink $8B Deepwater Deal

Law360, New York (September 17, 2013, 6:23 PM EDT) -- A collection of Texas business owners seeking property damage payouts in the wake of the Deepwater Horizon oil spill urged the Fifth Circuit Tuesday to upend a $7.8 billion settlement they claim unfairly compensates businesses that were never actually harmed.

The appellants, which include a vacation rental company, a water park and an offshore drilling rig repair company, say they were harmed by a subsequent downturn in business following the 2010 spill but say the March 2011 deal contains a loophole that would send funds to...
To view the full article, register now.




Case Information

Case Title

In Re: Deepwater Horizon

Case Number



Appellate - 5th Circuit

Nature of Suit

3893 Environmental Matters

Date Filed

November 19, 2012

Law Firms


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.