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...
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