Bp Settlements May Shield Some Defendants

08.20.10 | FL News Team

(Washington, DC)  --  Those seeking money from the BP 20-billion dollar compensation fund may have to sign away their rights to sue all major defendants connected to the Gulf of Mexico oil spill.  The "New York Times" reports those paid by the BP fund would be forbidden from seeking settlements from Transocean, Halliburton or Cameron International.  Transocean operated the Deepwater Horizon oil rig.  Halliburton cemented the well, while Cameron International built the mechanism which was designed to shut off the well.

Starting Monday, the government-appointed Gulf Coast Claims Facility will manage all claims.  GCCF is led by attorney Kenneth Feinberg, who is entrusted with administering the account set up by BP at the request of the federal government.  BP will continue to handle any claims brought forth by government entities.