Wednesday, December 19, 2007

Fourth BP Explosion Claim Settled

BP says they've now exhausted the $1.6 billion they set aside for the litigation and still face over a thousand cases, though no more wrongful death and few serious injury cases.

In this case -- brought by Mark Lanier, who made noises about seeking a billion dollars in punitives, pointing to an alleged violation in conflicts of interest in the permitting process -- the trial judge had ruled earlier that a discovery violation could bust Texas's punitive damages cap.  BP settled the case that started a couple of weeks ago.

Prior discussion of the BP litigation and the $1.6 billion litigation reserves is here.

--BC

http://lawprofessors.typepad.com/tortsprof/2007/12/fourth-bp-explo.html

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