Sign in to comment!

Menu
Home

Disasters

Judge outlines new plan for Gulf oil spill trial

A federal judge has outlined a new structure for a trial of Gulf oil spill claims that wouldn't be resolved by a proposed class-action settlement between BP PLC and a team of plaintiffs' attorneys.

In an order Wednesday, U.S. District Judge Carl Barbier said the trial scheduled to start Jan. 14, 2013, will be conducted in at least two phases.

The first phase will explore possible causes of the April 2010 well blowout that triggered a deadly rig explosion and led to the massive oil spill. The second phase will address efforts to stop the flow of oil from BP's Macondo well.

Barbier said he may issue partial rulings at the end of each phase.

A trial originally scheduled to start in February was postponed indefinitely after the settlement was announced.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.22% up 4.16%  
15 Y Fixed Graph 3.32% up 3.24%  
30 Y Fixed Jumbo Graph 4.62% up 4.61%  
5/1 ARM Graph 3.52% up 3.35%  
5/1 Jumbo ARM Graph 3.78% up 3.70%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%