Posts Tagged ‘settlement’

BP: A settlement and many unanswered questions

Oil Spill, Gulf of Mexico (NASA, International Space Station Science, 05/04/10)

For those who believed that a trial would be the best way to hold BP accountable for the shortcuts and errors that resulted in the deadly Deepwater Horizon disaster, the news out of New Orleans last night was not good.

BP has reached an agreement and will settle the case brought against it by companies and individuals whose livelihoods were impacted by the Gulf oil spill.

The New York Times reports:

Judge Carl J. Barbier of Federal District Court in New Orleans issued an order late Friday night stating that the two sides “have reached an agreement on the terms of a proposed class settlement which will be submitted to the court,” and announcing that the first phase of the trial, scheduled to begin on Monday, is adjourned indefinitely while the next steps are worked out.

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