U.S. District Judge Carl J. Barbier of Louisiana has given final approval to a pair of settlements for the 2010 Deepwater Horizon disaster. The settlements with Transocean Ltd. and Halliburton Energy Services Inc. are worth a combined $1.24 billion, with over $903 million for punitive damages and $338 million for the assigned claims class.
Transocean and Halliburton were partners in the Deepwater Horizon operation with BP Inc. The settlements, which were initially announced in 2015, resolve claims with a class that alleged economic and property damages from the disaster.
The Deepwater Horizon oil spill was the largest accidental marine oil spill in history. Eleven workers were killed and nearly five million barrels of oil were discharged into the Gulf of Mexico.
Levin Sedran & Berman partner Arnold Levin served as a member of the Plaintiffs’ Steering Committee for the case and other attorneys in the firm provided legal work in support of the litigation. Presently, Arnold Levin and Sandra L. Duggan are serving as special counsel to the fee committee.