BP urges judge to approve spill settlement - FOX 8 WVUE New Orleans News, Weather, Sports

BP urges judge to approve spill settlement


NEW ORLEANS (AP) - BP PLC argues its proposed class-action settlement of economic damage claims spawned by the 2010 Gulf of Mexico oil spill shouldn't be derailed by the "remarkably low" number of individuals and businesses objecting to the deal or asking to opt-out of it.

In court filings late Monday, BP and plaintiffs' attorneys who brokered the deal urge U.S. District Judge Carl Barbier to give it final approval. Roughly 200 people and groups formally objected to the deal, while 983 potential claimants asked to opt out of the settlement as of Oct. 19.

More than 100,000 plaintiffs could benefit from the deal. BP cited the numbers as proof Barbier should approve the agreement after a Nov. 8 hearing. BP estimates it will pay $7.8 billion to resolve claims through the uncapped settlement.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow

Louisiana Media Company, LLC.
1025 S. Jefferson Davis Parkway
New Orleans, LA 70125

General Number: (504) 486-6161
News Tips: (504) 483-1503
News Room Fax: (504) 483-1543

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVUE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
WVUE's Public Inspection File can now be accessed online. To access the online public inspection file click here: https://stations.fcc.gov/station-profile/wvue-dt.