3/3/12

The BP Settlement Has Miles To Go Before It's Done

Accord Reached Settling Lawsuit Over BP Oil Spill - NYTimes.com: "David M. Uhlmann, who headed the Justice Department’s environmental crimes section from 2000 to 2007, said, “The plaintiffs’ steering committee really needs to reach a settlement with BP” because otherwise it could face years of litigation and might obtain less at trial than it could receive in a settlement.

At the same time, said Mr. Uhlmann, now a professor at the University of Michigan law school, said, “BP really needs to reach a settlement with the government” which could extract many more billions from the company in civil and criminal proceedings. Moreover, he said, the company would like to avoid the embarrassment of having its mistakes paraded in open court."

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