On Wednesday BP and the plaintiffs lawyers heading up the litigation over the Gulf oil spill finally sought approval for the estimated $7.8 billion settlement that they announced early last month. The plaintiffs' steering committee is asking for up to $600 million, on top of BP's ultimate payout to class members, and BP has agreed to foot the bill.
BP Agrees to Fund Up to $600 Million Fee Award in Deepwater Horizon Settlement
The Litigation Daily
April 18, 2012
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