Judge grants 6 percent charge to lawyers for oil spill settlements

By Steve Korris | Jan 5, 2012


NEW ORLEANS (Legal Newsline) - U.S. District Judge Carl Barbier exiled Louisiana Attorney General Buddy Caldwell from Deepwater Horizon litigation and granted plaintiff lawyers a 6 percent charge on $14 billion in future settlements at BP's Gulf Coast Claims Facility.

On Dec. 28, Barbier established a reserve fund at the request of a plaintiff steering committee preparing for a fault allocation trial starting next month.

The reserve fund will hold 6 percent of settlements between private parties, whether in his court or at the claims facility.

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