These FAQs provide preliminary general information regarding the Agreement-in-Principle reached on March 2, 2012 between the Plaintiffs’ Steering Committee and BP. It is important to keep in mind that:
The Parries to the Agreement-in-Principle are attempting to complete a final Settlement Agreement to be submitted to the Court by April 16, 2012. Details are still being completed by the Parties for inclusion in the final Settlement Agreement If the Parries are able to timely complete the final Settlement Agreement and it receives preliminary approval from the Court, then a detailed, court-approved notice program will be initiated and detailed information about the final Settlement Agreement will be available for class members.
These FAQs summarize aspects of the Agreement-in-Principle. They are not a complete discussion of that Agreement. The information in these FAQs may be subject to change based upon the terms of the final Settlement Agreement, if it is reached by the Parties.
These FAQs are being made available because many potential class members have raised questions before the final Settlement Agreement is completed. These FAQs are intended to provide general background regarding the transition from the GCCF to the new settlement claims facility and the types of Claims which will be available for processing in the new facility.
This FAQ is not intended to serve as official notice, and has not been approved by the Court, and is preliminary, and subject to change.
THIS FAQ IS DRAFTED BY THE MDL 2179 PLAINTIFFS’ STEERING COMMITTEE.