Home » NEWS » Environmental Business » Attorneys in BP settlement will divide $555.2 million
FILE - In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. Deep-water drilling is set to resume near the site of the catastrophic BP PLC well blowout that killed 11 workers and caused the nation's largest offshore oil spill five years ago off the coast of Louisiana. (AP Photo/Gerald Herbert, File)

Attorneys in BP settlement will divide $555.2 million

A judge has ruled a group of attorneys will divide $555.2 million for their work on behalf of people and businesses who suffered economic damages because of BP’s 2010 Gulf oil spill.

U.S. District Judge Carl Barbier (BAHR’-bee-aye) of New Orleans issued a 42-page ruling spelling out reasons for the award, the result of work on a 2012 settlement that is expected to account for at least $13 billion of the energy company’s spill-related costs.

Barbier’s Oct. 25 ruling didn’t specify the number of attorneys involved and said the way in which the money will be allocated will be determined later.

He said the award, which was requested by the attorneys, amounts to about 4.3 percent of the settlement. He said that is modest compared to awards in similar cases.

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