12/24/2013 // West Palm Beach, Florida, US // JusticeNewsFlash // Justice News Flash // (press release)

New Orleans – A federal judge recently ruled against BP in a dispute over terms of a multibillion-dollar settlement pertaining to the 2010 oil spill. As reported by the Associated Press (AP), on Tuesday U.S. District Judge Carl Barbier rejected the company’s argument that it shouldn’t compensate businesses that could not directly trace their losses to the massive spill.

Barbier stated his ruling was designed to avoid delays in the claims process.

Steve Herman and Jim Roy, two of the attorneys for the plaintiffs who brokered the settlement with BP, are quoted as releasing the statement, “The Court reaffirmed that the transparent, objective formulas spelled out in the agreement are the only way to determine a claimant’s eligibility and causation.”

BP spokesman Geoff Morrell is further quoted as stating of BP’s disagreement with the judge’s ruling, “Awarding money to claimants with losses that were not caused by the spill is contrary to the language of the settlement and violates established principles of class action law…BP intends to seek appropriate appellate remedies to correct this error.”

This report is provided by Justice News Flash – New Orleans Legal News

Media Information:

Address: 215 South Olive Suite 300 W. Palm Beach FL 33401
Phone: 866-598-1315
Url: http://justicenews.visionsmartnews.com/spill-settlement-dispute_11252.html

ABOUT THE AUTHOR: