BP Investor Attys Seek $24M From $175M Deepwater Deal

Law360, New York (January 10, 2017, 7:08 PM EST) -- Lead counsel for a class of investors that reached a $175 million deal with BP PLC after accusing it of downplaying the magnitude of the Deepwater Horizon oil spill in the weeks following the 2010 blowout asked a Texas federal court Monday to award $20 million in attorneys' fees and $4 million in legal costs.

Attorneys at Cohen Milstein Sellers & Toll PLLC, Berman DeValerio, Block & Leviton LLP and Yetter Coleman LLP said the fee request, which represents between 11 and 12 percent of the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.