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.
The lawsuits involve certain claims arising out of the Spill that occurred on April 20, 2010. The first phase of the trial focused on identifying the causes of the blowout, explosion, and subsequent oil spill. The Court determined, based on the evidence, that Halliburton and Transocean were not responsible for punitive damages. There have been no appeals of these findings. Despite this, HESI and Transocean have agreed to these Settlements to avoid the risks and costs of litigation. Given the Court’s findings, these Settlements are the only way to recover punitive damages under these lawsuits.
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 Claims Center.
The Court will hold a hearing on November 10, 2016 to consider whether to approve the HESI/Transocean Settlements and a request for attorneys’ fees. We recommend that you periodically visit this website or call the toll free helpline at (877) 940-7792, as both will be updated when new information becomes available.
December 15, 2016
Claim Form Deadline
September 23, 2016
September 23, 2016