These FAQs provide 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 Parties 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 Parties 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 FAQ s 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.
This FAQ is preliminary, subject to change, and is not approved by the Court. THIS FAQ IS DRAFTED BY THE MDL 2179 PLAINTIFFS’ STEERING COMMITTEE.