Settlement Agreement Included Presumptions about Economic Loss
The Deepwater Horizon incident prompted a number of legal actions, including multidistrict litigation surrounding private economic and property damage claims and medical claims stemming from the accident and oil spill. In 2012, BP reached a settlement with the Plaintiffs’ Steering Committee (PSC), which acts on behalf of individual and business plaintiffs in the multi-district litigation proceedings. BP initially joined with the plaintiffs...
