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$7.8 Billion Oil Spill Settlement Tentatively Approved

On Behalf of | May 3, 2012 | Firm News

Created: 03 May 2012
A $7.8 billion agreement with BP has received preliminary approval to settle a class-action suit which would resolve more than 100,000 individual and business claims derived from the 2010 oil spill in the Gulf of Mexico. The agreement covers economic, property and medical claims, but not ones from the U.S. government or Gulf Coast states. A fairness hearing to address objections is set for Nov. 8., Reuters  05/02/2012