Despite BP’s objections and attempts to further suspend payments in the Court-supervised Settlement Program, a Federal Appeals Court, on January 10, 2014, upheld Judge Barbier’s approval of BP’s 2012 multibillion-dollar settlement for businesses and residents who suffered losses from the massive 2010 oil spill in the Gulf of Mexico.
Throughout 2013, BP attempted to change positions regarding the settlement, complaining about the way the business claims were being handled and paid by the independent Claims Administrator they selected. Despite the requirement to satisfy objective tests in the Settlement Agreement based on geographic location, type of business, and revenue patterns, BP (contrary to its previous statements and filing) started to argue that the settlement should not compensate businesses that could not directly link their losses to the Spill by some undefined and subjective measure. The Appeal Court panel released its 48-page majority opinion rejecting BP’s arguments and objections, thus affirming Barbier’s initial approval of the settlement in 2012.
Plaintiffs’ lawyers have argued that BP simply undervalued the settlement and underestimated how many claimants would be eligible for payments.
Related News
Herman, Katz, Gisleson & Cain has once again been named to the Best Law Firms® 2026 rankings, earning Regional Tier 1 recognition in New Orleans across five major practice areas — including Admiralty & Maritime Law, Appellate Practice, Construction Litigation, Mass Torts, and Personal Injury.
On Saturday, October 18th, the HKGC Krewe continued our annual tradition of volunteering with the New Orleans Area Habitat for Humanity at the 2025 Bench and Bar Build.
In his September President’s Message, Brian Katz reflects on his time serving as LAJ president and shares why he truly enjoyed the experience.
Brian Katz's election to the 2026 AAJ Board of Governors speaks volumes about his dedication, leadership, and commitment to the cause of justice.
In his August President’s Message, Brian Katz reflects on a favorite Groucho Marx story before turning to a much more serious subject: the importance of LAJ membership.
Herman, Katz, Gisleson & Cain LLC is proud to announce that four of our attorneys have been recognized in the 2026 edition of The Best Lawyers in America®. This honor reflects the dedication, skill, and commitment our attorneys bring to serving clients every day.
