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Trial Set to Open for Gulf Oil Spill Litigation

Monday, February 25, 2013 6:12
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(Before It's News)

NEW ORLEANS (AP) — Nearly three years after a deadly rig explosion in the Gulf of Mexico triggered the nation’s worst offshore oil spill, a federal judge in New Orleans is set to preside over a high-stakes trial for the raft of litigation spawned by the disaster.

Barring an 11th-hour settlement, U.S. District Judge Carl Barbier will hear several hours of opening statements Monday by lawyers for the companies involved in the 2010 spill and the plaintiffs who sued them. And the judge, not a jury, ultimately could decide how much more money BP PLC and its partners on the ill-fated drilling project owe for their roles in the environmental catastrophe.

BP has said it already has racked up more than $24 billion in spill-related expenses and has estimated it will pay a total of $42 billion to fully resolve its liability for the disaster that killed 11 workers and spewed millions of gallons of oil.

http://www.nytimes.com/aponline/2013/02/…=news&_r=0



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