Judge Carl Barbier, who is presiding over the oil spill MDL, has set a schedule for trials in the lawsuits arising out of the oil spill. The “test case” for claims filed against BP by individuals and businesses under the Oil Pollution Act will take place in June 2011. A separate trial will be held in 2012 to assign percentages of fault to BP and the other companies sued in connection with the rig explosion and fire that caused over 200 million barrels of oil to be spilled into the Gulf.
BP has informed Judge Barbier that it is waiving a $75 million cap on its liability for certain economic damage claims spawned by the Gulf oil spill. BP lawyers filed a pleading saying the company is waiving the statutory limitation on liability under the 1990 Oil Pollution Act. BP denies engaging in any gross negligence in connection with the explosion on the Deepwater Horizon rig and resulting spill.
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