Settlement Class Says Deepwater Deal Should Be Affirmed

Law360, Los Angeles (October 18, 2013, 8:11 PM EDT) -- A district court’s order and judgment approving a multibillion-dollar settlement of claims for lost business tied to the Deepwater Horizon disaster should be affirmed, members of the economic and property damages settlement class told the Fifth Circuit in a letter on Friday.

The letter comes a week after BP PLC told the appeals court that the settlement is invalid unless the federal court overseeing the deal revamps its payout eligibility formulas. The appeals court on Oct. 2 ordered U.S. District Judge Carl Barbier to reconsider BP’s...
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

January 23, 2013

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.