Not surprisingly, New Orleans U.S. District Judge Carl Barbier is standing firm in his interpretation of the settlement agreement that BP signed to resolve economic loss claims arising from the explosion of the Deepwater Horizon drilling platform. Late Tuesday, the judge issued a 25-page ruling reiterating that the class action settlement does not require claimants to prove that their losses were caused by that 2010 disaster.
And not surprisingly, BP plans to appeal, calling the settlement “unlawful” under Barbier’s interpretation.
