In New Orleans federal court, BP (NYSE:BP) is facing hundreds of lawsuits. BP was wanting to consolidate all of the lawsuits. A panel of judges said no, this is a victory for the plaintiffs who are seeking billions in damages. There will be no lawsuit settlements.
The judge presiding over these cases is U.S. District Judge Carl Barbier. The cases include wrongful death claims, submitted by the families of the deceased workers who lost their lives caused by the explosion of the Deepwater Horizon rig. Other claims are those submitted by BP investors, Gulf Coast businesses and for environmental damage.
During the decision the panel said, "Without discounting the spills effects on other states, if there is a geographic and physiological 'center of gravity' in this docket, then the Eastern District of Louisiana is closest to it."
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