BP Judge Asked to Compel Details of Gulf Spill Fund
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BP Plc should be required to specify in writing how it will fund, protect and replenish a $20 billion fund dedicated to paying cleanup and damage claims from the Gulf of Mexico oil spill, lawyers suing the company said.
BP should produce “any and all trust documents, escrow agreements or other formation documents or agreements to which BP is a signatory” relating to two funds BP agreed to establish, the lawyers said in a motion filed yesterday with U.S. District Judge Carl Barbier in New Orleans. Barbier is presiding over more than 30 spill-damage cases.