Halliburton objects to Gulf spill settlement
Source: Associated Press
Halliburton objects to Gulf spill settlement
Harry R. Weber, Associated Press, New Orleans, the United States | Wed, 04/25/2012 12:29 PM
Cement contractor Halliburton is objecting to a proposed US$7.8 billion settlement between British Petroleum (BP) and a plaintiffs group representing more than 100,000 victims of the 2010 oil spill in the Gulf of Mexico.
Halliburton said in a filing in federal court in New Orleans late Tuesday the settlement improperly seeks to assign certain claims that BP has made against Halliburton to the Plaintiffs Steering Committee.
The Houston-based company says allowing the settlement to be approved under those conditions would affect its ability to independently settle with the PSC or individual plaintiffs.
Halliburton also asserts it can't be made to contribute to payments BP makes to the plaintiffs without a legal obligation to do so.
Read more: http://www.thejakartapost.com/news/2012/04/25/halliburton-objects-gulf-spill-settlement.html
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