Holdback order in BP oil spill case challenged: "NEW YORK, Jan 13 (Reuters) - In a flurry of court filings this week, lawyers for claimants before the $20 billion BP oil spill fund asked a federal judge to reconsider his December order requiring that six percent of future settlements be placed in a reserve account.
U.S. District Court judge Carl Barbier in New Orleans established the account on Dec. 28 to potentially reward lawyers leading the BP multi-district litigation spawned by the Deepwater Horizon rig explosion in 2010. Barbier said he had not decided to award the fees, but he wanted to have the option if he decided they were deserved. On Jan. 4, Barbier amended his order to clarify the order would only affect claimants who hadn't received a determination letter from the BP fund as of Dec. 31."
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U.S. District Court judge Carl Barbier in New Orleans established the account on Dec. 28 to potentially reward lawyers leading the BP multi-district litigation spawned by the Deepwater Horizon rig explosion in 2010. Barbier said he had not decided to award the fees, but he wanted to have the option if he decided they were deserved. On Jan. 4, Barbier amended his order to clarify the order would only affect claimants who hadn't received a determination letter from the BP fund as of Dec. 31."
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