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Accord Reached Settling Lawsuit Over BP Oil Spill

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BP and the lawyers for plaintiffs in the trial over the 2010 oil spill in the Gulf of Mexico have agreed to settle their case.

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Battling Remnants in April, 2010, by Getty Images and the New York Times

The agreement does not include the biggest plaintiff in the BP case: the federal government. Nor does it include the state and local governments along the coast, which are also suing. The federal government stands to recover billions of dollars in environmental fines, but the extent to which the Justice Department is involved in negotiations with BP is unclear.

Will the federal government do nothing? Or press on after specifying that any monies it recovers be paid back to poor, ole BP (and screw the still-distressed gulf states)? Stay tuned.

To read the full NYT story, click here.

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I have a law degree (Stanford, 66') but have never practiced. Instead, from 1967 through 1977, I tried to contribute to the revolution in America. As unsuccessful as everyone else over that decade, in 1978 I went to work for the U.S. Forest (more...)
 
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