Full Answer
Two law firms in New Orleans and Lafayette, La., that led the plaintiffs' case are slated to receive $87.7 million each if the proposed allocation is approved.
The lawyer who took down Big Tobacco 20 years ago has another intimidating foe in his sights. His opponent this time — Big Pharma.
Moore calls pharmaceutical companies "pretty evil" and claims that they intentionally lied about the addictive properities of their drugs. Since 2014, he and his cohorts have filed multiple suits against manufacturers of prescription opioids. His home state of Mississippi was the first of 10 states to sue the drug companies.
BP agreed to pay about $555 million in attorneys fees; Transocean and Halliburton agreed to about $124 million.
In April 2016, Barbier approved a $20 billion settlement for BP to pay out to state and local government claims and Clean Water Act violation fines. BP is expected to pay an estimated $13 billion in economic and medical claims to individuals and businesses.
An April 20, 2010 explosion at the offshore platform killed 11 men, and the subsequent leak released an estimated 172 million gallons of petroleum into the gulf. (AP Photo/US Coast Guard, File)
The complex case over the 2010 Deepwater Horizon drilling rig explosion and ensuing oil spill in the Gulf of Mexico involved a two-phase trial with expert testimony and settlement negotiations over several years. The case consolidated individual economic and medical claims and state government claims from across the country to U.S. District Court in New Orleans.
BP, owner of the failed Macondo well, Transocean, owner of the Deepwater Horizon rig, and Halliburton, which was in charge of pouring cement at the well, have agreed to pay the plaintiffs' attorney fees.
The fee committee, made up of six of the plaintiffs' attorneys, reviewed requests from the dozens of law firms involved in the case and conducted 74 interviews over 12 days before making their recommendation, according to the proposal filed Tuesday (April 11).
BP agreed to pay about $555 million in attorneys fees; Transocean and Halliburton agreed to about $124 million.
In April 2016, Barbier approved a $20 billion settlement for BP to pay out to state and local government claims and Clean Water Act violation fines. BP is expected to pay an estimated $13 billion in economic and medical claims to individuals and businesses.
An April 20, 2010 explosion at the offshore platform killed 11 men, and the subsequent leak released an estimated 172 million gallons of petroleum into the gulf. (AP Photo/US Coast Guard, File)
The complex case over the 2010 Deepwater Horizon drilling rig explosion and ensuing oil spill in the Gulf of Mexico involved a two-phase trial with expert testimony and settlement negotiations over several years. The case consolidated individual economic and medical claims and state government claims from across the country to U.S. District Court in New Orleans.
BP, owner of the failed Macondo well, Transocean, owner of the Deepwater Horizon rig, and Halliburton, which was in charge of pouring cement at the well, have agreed to pay the plaintiffs' attorney fees.
The fee committee, made up of six of the plaintiffs' attorneys, reviewed requests from the dozens of law firms involved in the case and conducted 74 interviews over 12 days before making their recommendation, according to the proposal filed Tuesday (April 11).