Spill-Fund Recipients Can’t Sue BP, Companies Involved
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Victims of the Gulf of Mexico oil spill won’t be able to sue any of the companies involved in the Deepwater Horizon disaster once they accept a final payment from BP Plc’s $20 billion compensation fund.
Kenneth Feinberg, the Washington attorney administering the Gulf Coast Claims Facility, released an outline today of how such final claims will be judged. The guidelines extend the liability waiver beyond BP to companies such as Transocean Ltd., which owned the rig that exploded in April, and Anadarko Petroleum Corp. and MOEX Offshore 2007 LLC, part owners of the well that ruptured.