A federal judge has ordered that attorneys representing private individuals and companies who entered into economic and medical claims settlements with BP stemming from the Deepwater Horizon disaster are entitled to be paid $555.2 million to cover their legal fees and remaining court costs. The award equals about 4.3 percent of the estimated $13 billion that BP is expected to pay under the …
Biloxi plans to join a class-action lawsuit against other companies besides BP that were involved in the 2010 Gulf of Mexico oil spill. The Sun Herald reports that the City Council on Tuesday hired attorneys to file a claim in a class-action lawsuit under the HESI/Transocean Settlement Program.
Attorneys for the plaintiffs steering committee (PSC) in the multidistrict class-action litigation over the Deepwater Horizon explosion and oil spill have asked the presiding judge to approve $600 million in attorney and common plaintiff benefit fees, saying the reimbursement is warranted given the case’s staggering scope and complexity. When BP and the other companies involved in …
Supreme Court rejects review of BP shareholder lawsuit By Devin Henry – 05/02/16 10:55 AM EDT The Supreme Court will not hear arguments from a group of BP shareholders looking to sue the company over the 2010 Gulf Coast oil spill. A group of investors who had purchased shares in BP before the spill has looked to sue the company, saying it mislead potential investors about its safety standards …