BP announces settlement with Plaintiffs' Steering Committee (PSC), subject to final written agreement | Press | BP

The settlement - which does not include governmental claims - would bring an end to the "pseudo-fund" - the Gulf Coast Claims Facility, administered by the Feinberg Rozen law firm for BP. The agreement with the Plaintiffs Steering Committee is to be reduced to writing within 45 days. Only when we see the claims protocols will we be able to begin to assess what, if anything, has been accomplished. - GWC

BP announces settlement with Plaintiffs' Steering Committee (PSC), subject to final written agreement | Press | BP: "The proposed settlement is comprised of two separate agreements, one to resolve economic loss claims and another to resolve medical claims. Each proposed agreement provides that class members would be compensated for their claims on a claims-made basis, according to agreed compensation protocols in separate court-supervised claims processes. The proposed agreement to resolve economic loss claims includes the financial commitment for the Gulf seafood industry and a fund to support continued advertising that promotes Gulf Coast tourism. "

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