Monday, April 23, 2012

Move Over Amchem - The BP Settlement Class Action Is Here

George Conk has the links to the BP settlement class action.  A quote from the complaint: "The principle was two-fold:  to design claims frameworks that fit a wide array of damage categories, and, within each category, to treat like claims alike, so as to proceed with both fairness and predictability."  

Conk also notes that the settlement offers a "risk transfer premium" for future injuries/losses.   You can find more posts here.

Interesting to think how the court will treat this high profile settlement class action, whether there will be objectors and appeals.

ADL

http://lawprofessors.typepad.com/mass_tort_litigation/2012/04/move-over-amchem-the-bp-settlement-class-action-is-here.html

Aggregate Litigation Procedures, Class Actions, Environmental Torts, Settlement | Permalink

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