Halliburton Energy Services, Inc./Transocean Punitive Damages & Assigned Claims Settlements

Overview

Para Español, haga clic aquí
Để xem bản Tiếng Việt, nhấp vào đây

General Information

Fairness Hearing

Final Approval Granted

Court-Appointed Neutrals’ Settlements and Old Class Eligibility

New Class Claims Filing Deadline

Distribution Timeline

Additional Updates

General Information

Halliburton Energy Services, Inc. and Halliburton Company (“HESI”) and Triton Asset Leasing GmbH, Transocean Deepwater Inc., Transocean Offshore Deepwater Drilling Inc., and Transocean Holdings LLC (“Transocean”) each entered into separate settlement agreements with the New Class, which total $1,239,750,000. These settlements will be administered together to decrease administrative costs to the New Class.

There are two groups included in the HESI/Transocean Settlements, the New Class and the Old Class (it is possible to be a member of both Classes).

The New Class will receive punitive damages associated with the Spill based on physical damages to real property and personal property and, to a lesser extent, losses related to commercial fishing, charterboat operations, and subsistence fishing or hunting during the Class Period. Most New Class members will not need to file a claim or provide any documentation to have their eligibility considered.

The Old Class consists of hundreds of thousands of businesses and individuals who previously filed claims for economic losses associated with the Deepwater Horizon oil Spill through the Deepwater Horizon Economic and Property Damages Settlement (DHEPDS) Program.

A summary of Class Members’ Rights and Options can be accessed on this site. The HESI and Transocean Settlement Agreements are available for review or download. The Old and New Class Distribution Plans can be accessed on this site.

Fairness Hearing

The Fairness Hearing to consider whether the HESI/Transocean Settlements were fair, reasonable, and equitable as well as certification of the Old and New Classes and the request for attorneys’ fees occurred on November 10, 2016, before the Hon. Carl Barbier. Presentations were made on behalf of the Parties, Plaintiffs’ Steering Committee, Old and New Classes’ Claims Administrators, and the Notice Administrator in support of approval. Objections were also heard. Judge Barbier refrained from issuing a decision from the bench, but advised at the hearing he anticipates he will grant final approval in the form of a written order.

Final Approval Granted

On February 15, 2017, the Court entered the Final Order and Judgment Granting Approval of HESI and Transocean Punitive Damages and Assigned Claims Settlement Agreements as well as the Order and Reasons approving the HESI and Transocean settlements and the proposed Old and New Class Distribution Models.

Court-Appointed Neutrals’ Settlements and Old Class Eligibility

Per the Order and Reasons, the Court will consider a payment made pursuant to the Neutrals’ process to be an “amount paid to [a] claimant by the DHEPDS Court-Supervised Settlement Program” for purposes of the DHEPDS Class Distribution Model so long as that payment was related to a claim, which, at the time of settlement and withdrawal, had not been fully and finally determined by the Settlement Program (i.e., all opportunities for Re-Review, Reconsideration and/or Appeal to the extent permissible had not been exhausted) and thus remained subject to the CSSP claims process.

New Class Claims Filing Deadline

The New Class Claims Filing Deadline passed on December 15, 2016. Any claims postmarked or otherwise shipped after December 15, 2016, will be marked as late and may be rejected without further review.

Distribution Timeline

The Old and New Class Claims Administrators recently advised Judge Barbier that the DHEPDS claims review process is tentatively anticipated to wrap up in fall 2017. The Old Class distribution will likely occur 2-3 months after DHEPDS claims review is complete and New Class distributions will go out no less than 4-6 months after the DHEPDS claims determinations are final. Old Class distributions will be sent automatically, but all New Class claimants deemed eligible will receive notification prior to distribution. As the timeline for the Old and New Class distributions solidifies, that information will be posted.

Additional Updates

We recommend that you periodically visit this website, call the toll free helpline at (877) 940-7792, or email questions@GulfSpillPunitiveDamagesSettlement.com for updates.