Sunday, March 24, 2013

Ya think?

Some parties appeal spill settlement ruling (click here)
January 25, 2013
by Harry R. Weber

Some fishermen, businesses and property owners affected by the 2010 Gulf of Mexico oil spill have appealed a federal judge’s ruling approving a multibillion dollar class action settlement that BP reached with a committee of lawyers assigned to steer the hundreds of suits filed over the disaster.
At least eight groups of victims have filed appeals in the last two weeks with the 5th U.S. Circuit Court of Appeals in New Orleans. Lack of fairness and due process are among the claims raised in the appeals.
Legal experts had said appeals of U.S. District Judge Carl Barbier’s ruling were a virtual certainty.
The 5th Circuit has not indicated when it will consider the appeals.
Last month, Barbier approved the portion of the settlement that dealt with economic and property damages. Earlier this month, he approved the medical benefits portion of the settlement.
Thousands of claimants have agreed to accept the deal, and BP has estimated that it will pay out $7.8 billion or economic, property and health claims — although the agreement BP reached with lawyers for plaintiffs last year does not have a cap on damages....