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USA: BP expected to face new wave of lawsuits for damages from Deepwater Horizon oil spill disaster
Author: Amanda Bronstad, National Law Journal (USA), Published on: 3 May 2016
"A Flood of Oil Spill Lawsuits Expected Against BP this Month", 2 May 2016
Despite the $20 billion settlement BP PLC struck with the U.S. Department of Justice over the 2010 Deepwater Horizon oil spill, tens of thousands of lawsuits could hit the courts this month, adding to the oil company's ballooning costs. About 85,000 individuals and businesses claiming nongovernmental economic damages tied to the spill are due to file lawsuits against BP by May 16. Their claims are separate from the $20 billion deal; most were either excluded from or opted out of a 2012 class action settlement that was supposed to resolve economic damages claims...U.S. District Judge Carl Barbier last month signed off on BP’s $20 billion deal...[I]n March... Barbier issued a pretrial order that requires individuals and businesses to file certain documents with the court or face dismissal of their claims...Barbier... set a deadline for May 2...More than 100 law firms filed motions to extend the deadline...Barbier granted the firms a 14-day extension...
Related companies: BP