BP’s Spill Settlement Hearing Gets Expedited
U.S. Circuit Judge E. Grady Jolly of the New Orleans appellate court expedited the case of the BP (NYSE:BP) Gulf spill settlement. With the expedited schedule, the oral arguments are set for November 4 says Bloomberg.
The claimants are thousands of coastal businesses and individuals who are claiming damages as a result of the oil spill. The claim is that the settlement does not treat members of the class-action group with similar injuries the same in violation of the law.
Many of the businesses involved in the suit who suffered economic losses claimed that they were treated unequally. Only five groups of the 200,000 members of the suit who made claims in the settlement plan have filed appellate briefs.