BP PLC on Monday named two lawyers to serve as trustees of the planned $20 billion fund for oil spill victims, on the same day it announced an initial payment of $3 billion into the fund. The trustees are Kent Syverud, dean of the Washington University School of Law in St. Louis, and law firm name partner John Martin Jr., who served as a federal judge in the Southern District of New York from 1990 to 2003. Martin said the trustees' main function, at least initially, will be to evaluate the collateral that BP will put up.
August 10, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
BP PLC on Monday named two lawyers to serve as trustees of the planned $20 billion fund for oil spill victims, on the same day the company announced an initial payment to the fund.
The two trustees are Kent Syverud, dean of the Washington University School of Law in St. Louis, and John Martin Jr., who served as a judge in the U.S. District Court for the Southern District of New York from 1990 to 2003.
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