BP to Fifth Circuit: “Void oil settlement if business rules aren’t worked out”

According to an attorney for BP (formerly known as British Petroleum), the U.S. Fifth Circuit Court of Appeals should void a $7.8-billlion private claims settlement made by BP regarding the April 2010 Deepwater Horizon oil spill in the Gulf of Mexico if a lower court judge fails to force businesses claiming they were negatively affected by the oil spill to actually produce proof that their losses were actually a result of the oil spill.

According to Olson, the settlement’s implementation under rules approved by U.S. District Court Judge Carl Barbier is contentious and is in direct violation of Federal Court Rule 23, which governs class action lawsuit settlements.

Under the new rules, Barbier allegedly allowed businesses to not provide proof that their losses were directly caused by the oil spill.

Making sure you and your business get the compensation you are owed after the BP oil spill can be difficult, unless you have the support of a skilled attorney from Williams Kherkher. Call us at 800-821-1544 today to find out more about our experience handling such claims and how we might be able to help you.