BP Oil Spill Settlement Payments Exceed $1B Mark

Wednesday, January 16th, 2013 Liability

Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class action settlement with a team of private plaintiffs’ attorneys, court-supervised claims administrator Patrick Juneau said. The $1 billion that Juneau’s team has paid is for claims that were filed after the settlement was announced last year. They also paid an additional $404 million for claims that Juneau inherited after replacing the Gulf Coast Claims Facility led by Kenneth Feinberg.

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http://www.insurancejournal.com/news/southcentral/2013/01/15/277535.htm

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