Marissa Hall | Shale Plays Media
As the trial against BP following the Deepwater Horizon disaster in 2010 prepares to move forward, legal fees have become a hot topic. This week a federal court ruled that the U.S. government is responsible for paying over $800,000 of the overall cost to prepare the plaintiffs’ case.
According to an article by Miriam Rozen for Texas Lawyer, BP has yet to pay its share to the lawyers as well. BP’s potential financial burden looks to be a great deal larger, a whopping $600 million in lawyers’ fees. Rozen reports:
So far, the plaintiffs steering committee counsel and other lawyers representing the class have “sought and received” less than 6 percent of the $600 million maximum in fees previously agreed upon, according to an Aug. 13 emailed statement from Geoff Morrell, a senior vice president for BP’s U.S.-based subsidiary.
Specifically, Morrell’s statement said that the lawyers have been paid nearly $30 million and have made an additional pending request for $1.8 million.
Recent appeals by BP to the Federal Supreme Court could throw a wrench in arrangements for scheduled payments.
For all the details, see Rozen’s full report: BP oil spill litigation: How much has BP paid plaintiffs’ lawyers so far?