Latest news: February 22, 2012

02.22.2012 | In Latest News, Uncategorized

Heavy Penalties Send Tough Message To Other Defendants
JD Journal. Feb. 22, 2012.
“The Deepwater Horizon Spill litigation process took a significant step towards compromise and reconciliation, when Mitsui & Co’s, MOEX Offshore, accepted to pay $ 90 million dollars in settlement money to the US and five states, Alabama, Florida, Louisiana, Mississippi and Texas…”

Settlement Talks Pick Up Ahead of BP Oil Spill Trial
By John Schwartz, The New York Times. Feb. 20, 2012.
“NEW ORLEANS — Nearly two years after the oil rig explosion that killed 11 people and spilled millions of barrels of crude oil into the Gulf of Mexico, the myriad plaintiffs suing BP and other companies over the disaster are about to get their day in court.

Or not…”