Monday, February 4, 2013

Judge Approves Settlement in BP Class Action Suit | Redux

Judge Approves Settlement in BP Class Action Suit

Protest against oil company BP and their still leaking oil in the Gulf of Mexico
Protest against oil company BP and their still leaking oil in the Gulf of Mexico by Fibonacci Blue
License (according to Flickr): Attribution License
Excerpt:

A federal judge on Friday gave last approval to BP PLC's settlement with businesses and people who lost cash because of the 2010 oil spill in the Gulf of Mexico. BP has estimated it will pay $ 7. 8 billion to deal with more than 100,000 claims by businesses and individuals from the nation 's worst overseas oil spill. The settlement has no cap; the business might end up paying more or less. UNITED STATE District Judge Carl Barbier accepted the settlement in a 125-page ruling provided Friday night. "None of the objections, whether filed on the objections docket or elsewhere, have shown the Settlement to be anything other than fair, reasonable, and adequate," he wrote. BP said it was pleased with the settlement, which got Barbier's preliminary approval in May.

Keywords:

BP settlement Gulf Barbier oil spill preliminary approval Associated Press Judge Carl Barbier BP PLC damage claims adjacent Gulf waters Gulf Coast states medical settlement rig owner Transocean company spokesman Scott businesses property damage claims environmental restoration efforts Horizon drilling rig environmental damage claims industry gross revenue commercial fishing vessel reporter Michael Kunzelman cement contractor Halliburton people final approval objections docket rig workers federal judge seafood-related claims 125-page ruling Friday evening best interests important step lengthy litigation legal risk cleanup workers assign percentages eastern Texas western Florida coastal counties federal government New Orleans times blowout deckhands dispersants gallons stakeholders Deepwater

People:

Carl Barbier

Overall Sentiment: 0.32879

Relevance: 0.781358

SentimentQuote
0.0940861"None of the objections, whether filed on the objections docket or elsewhere, have shown the Settlement to be anything other than fair, reasonable, and adequate," he wrote. ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: 0.0940861
  • Mean: 0.0940861
  • Standard Deviation: 1.4142135623731

Scott Dean

Overall Sentiment: 0.122548

Relevance: 0.258642

SentimentQuote
0.104249"We believe the settlement, which avoids years of lengthy litigation, is good for the people, businesses and communities of the Gulf and is in the best interests of BP's stakeholders," company spokesman Scott Dean said ...
0.0194088"We believe the settlement, which avoids years of lengthy litigation, is good for the people, businesses and communities of the Gulf and is in the best interests of BP's stakeholders," company spokesman Scott Dean said in a statement emailed to The Associated Press. "Today's decision by the Court is another important step forward for BP in meeting its commitment to economic and environmental restoration efforts in the Gulf and in eliminating legal risk facing the company."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: 0.1236578
  • Mean: 0.0618289
  • Standard Deviation: 1.7320508075689

Michael Kunzelman

Overall Sentiment: 0.17561

Relevance: 0.235721

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Region: Gulf of Mexico

Overall Sentiment: -0.40403

Relevance: 0.406026

GeographicFeature: Gulf Coast

Overall Sentiment: -0.216117

Relevance: 0.31336

FieldTerminology: oil spill

Overall Sentiment: -0.38529

Relevance: 0.47128

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