Logan on BP Settlement
From the NewOrleans Times-Picayune: “BP to challenge oil spill settlement payments Monday in 5th Circuit” by Richard Thompson, NOLA.com
July 06, 2013: Lawyers for BP will argue Monday before the 5th U.S. Circuit Court of Appeals that what could amount to billions of dollars in settlement payments to Gulf Coast businesses and residents who lost money in the 2010 Gulf of Mexico oil spill should be halted, contending that the terms of the deal are being misinterpreted. […]
David Logan, the law school dean at Roger Williams University, is skeptical BP will find much success, noting an appellate court "doesn't likely interfere with a trial judge's interpretation of a settlement voluntarily entered into by parties."
"It seems a little bit odd to be saying now that you don't want to live with the terms that you agreed to six months ago, but that's the right they have," Logan said. [...]
For full story, click here.