Legal News to Watch

Check out the Wall Street Journal for a list of legal news to watch this week.  Of note to us here at the Settlements blog is the news that the Deepwater Horizon trial was delayed by a week for settlement talks.  Last week, MOEX settled with the US government and five states for $90 million concerning its 10% stake in the doomed oil rig.  The company paid part in civil penalties and agreed to drop its suits against BP and other partners.  Earlier in the year, they settled with BP to the tune of $1 billion.  The trial that has been set back will be enormously complicated and most likely involve monstrous fines for the oil company.  Some 75 million pages of court documents have been created already in what was one of the biggest environmental catastrophes in all history.  We’ll be looking out for news of this trial, which will certainly be a landmark case.

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