NEW ORLEANS — The architects of a proposed class-action settlement of claims spawned by the 2010 oil spill in the Gulf of Mexico are confident it won’t be derailed by thousands of businesses and individuals opting out of the deal.
Thursday is the deadline for claimants to postmark written requests to opt out of the multibillion-dollar pact between BP PLC and a team of plaintiffs’ attorneys.
Patrick Juneau, administrator of the court-supervised claims process, said roughly 2,300 potential plaintiffs had opted out as of yesterday. But Juneau said a final number won’t be known until early next week.
Steve Herman, one of the lead plaintiffs’ attorneys in the BP litigation, said in an email that he sees “very little chance” that the deal will fall apart based on the number of opt outs.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info