New Deepwater Horizon claims calculation formula could sharply reduce future settlement payments

NEW ORLEANS – An arcane change to the formula that determines awards for settlement of BP oil spill claims may diminish the size of future damage awards, leading some in the trial bar to say that senior plaintiffs’ attorneys who brokered the settlement with BP are more interested in preserving their $660 million payday than in protecting the rights of victims still awaiting payment. Read more...

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