Tag Archives: BP Class-Action Suit
Judge OKs Settlement In BP Class-Action Suit – $2.3 billion to cover seafood-related claims by commercial fishing vessel owners, captains and deckhands.
BP will pay $2.3 billion to cover seafood-related claims by commercial fishing vessel owners, captains and deckhands. That fund is the settlement’s only limit, Barbier wrote. He said that it is about five times the average industry gross revenue from 2007 to 2009 and, according to evidence provided, more than 19 times the revenue the industry lost in 2010. Still unresolved are environmental damage claims brought by the federal government and Gulf Coast states against BP and its partners on the Deepwater Horizon drilling rig, and claims against Switzerland-based rig owner Transocean Ltd., and Houston-based cement contractor Halliburton. Read More
