Reuters points out ‘landmine’ in BP settlement


In its analysis of BP’s settlement agreement with plaintiffs over economic and property damages—estimated value $7.8 billion, Reuters points that BP has the right to terminate the deal if the total of opt-outs “exceeds a number agreed to by the parties.” Read more.

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Author: Rick Outzen

Rick Outzen is the publisher/owner of Pensacola Inweekly. He has been profiled in The New York Times and featured in several True Crime documentaries. Rick also is the author of the award-winning Walker Holmes thrillers. His latest nonfiction book is “Right Idea, Right Time: The Fight for Pensacola’s Maritime Park.”