Aug 20 2010


BP Oil Spill Settlements Likely to Shield Top Defendants

By IAN URBINA, The New York Times

Published: August 20, 2010

WASHINGTON – People and businesses seeking a lump-sum settlement from BP’s  $20 billion oil spill compensation fund  will most likely have to waive their right to sue not only BP, but also all the other major defendants involved with the spill, according to internal documents from the lawyers handling the fund.

“To be clear, it is BP’s position, consistent with this indemnification, that any settlement between Transocean and any of its injured or deceased employees must include a full release of all BP entities from any and all claims or liability in connection with the Deepwater Horizon incident,” said the letter, from John T. Hickey, a lawyer for BP. “This full release of all BP entities would indeed bar any subsequent claims against the fund being established by BP and the claims facility that will be administered by Mr. Feinberg.”

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