The first trial stemming from the fatal explosion in 2005 at the BP refinery in Texas City kicks off next week in Galveston, Texas, but the verdict in the suit won’t set a market rate for settlements, which is what typically happens in mass tort suits.

BP already has negotiated settlements with more than 1,000 people who claim injury from the explosion on March 23, 2005, that killed 15, injured at least 180 on the refinery site, and allegedly caused personal injuries or property damage to hundreds in the area. The British company has set aside $1.6 billion to pay claims.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]