Judge allows Gulf oil spill settlement to proceed

May 2, 2012 

NEW ORLEANS (AP) - A federal judge in New Orleans has preliminarily approved a proposed class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico.

U.S. District Judge Carl Barbier's ruling Wednesday allows the settlement process to proceed, but he will hold a "fairness hearing" later this year before deciding whether to give his final approval.

The deal between BP and a team of plaintiffs' attorneys is designed to resolve more than 100,000 claims by people and businesses who blame the spill for economic losses.

London-based BP PLC estimates it will pay about $7.8 billion to resolve these claims, but the settlement isn't capped.

The deal announced March 2 was spelled out in hundreds of pages of documents filed last month.

Anchorage Daily News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service