BP Oil Spill Settlement Agreement Approved

Ships in the Gulf of Mexico after the BP Oil Spill.

On Tuesday, May 2, U.S. District Judge Carl J. Barbier granted preliminary approval to the settlement agreement reached between the parties to the BP oil spill litigation. This approval ensures that the Court Supervised Claims Program will replace the Gulf Coast Claims Facility in processing claims by individuals and businesses affected by the oil spill, and will do so stating on June 4, 2012. You can read the following Orders  for further information on the preliminary approval:

Order granting approval to the Economic and Property Damages Settlement can be found here: http://www.laed.uscourts.gov/OilSpill/Orders/05022012Order(EconomicSettlement).pdf

Order granting approval to the Medical Benefits Settlement can be found here: http://www.laed.uscourts.gov/OilSpill/Orders/05022012Order(MedicalSettlement).pdf