• Recent Developments in Toxic Tort and Product Liability Law in Louisiana
  • May 28, 2014 | Author: Campbell E. Wallace
  • Law Firm: Frilot L.L.C. - New Orleans Office
  • This litigation arises out of the April 2010 oil spill from BP’s oil well in the Gulf of Mexico. BP freely negotiated settlement terms with class action Plaintiffs to settle certain economic loss claims and the district court approved the voluntary settlement. BP did not like how much it was paying under the settlement agreement after it went into effect and appealed to the U.S. Fifth Circuit to relieve it from its contractual obligations to pay the agreed settlement to the Plaintiff class members.