OGJ Newsletter

03/12/2012
GENERAL INTEREST — Quick Takes BP, Macondo plaintiffs reach settlement BP PLC has reached a settlement worth an estimated $7.8 billion with a group representing plaintiffs in economic loss and medical claims filed after the Apr. 20, 2010, blowout and fire on the Transocean Deepwater Horizon semisubmersible drilling rig in the Gulf of Mexico. The settlement, subject to final written agreement, is with the Plaintiffs' Steering Committee acting on behalf of individuals and businesses claiming harm from the fatal blowout and consequent oil spill. "The proposed settlement represents significant progress toward resolving issues from the Deepwater Horizon accident and contributing further...
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