Judge Barbier Earns Praise For Shrewd Handling Of BP Case

Law360, New York (March 3, 2012, 12:44 PM EST) -- U.S. District Judge Carl Barbier played a decisive role in leading BP PLC and plaintiffs’ attorneys to negotiate a $7.8 billion settlement before trial in the Deepwater Horizon multidistrict litigation, according to experts, who lauded his managerial skills.

Trial was set to begin Monday, but BP and the plaintiffs' steering committee announced late Friday night that they'd reached a settlement in principle that would resolve a majority of private claims in the case. 

BP PLC’s Macondo well experienced a catastrophic blowout on April 20, 2010, discharging...
To view the full article, register now.

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.