NEW ORLEANS (AP) - A federal judge in New Orleans is set to preside over a high-stakes trial for the raft of litigation spawned by a massive oil spill in the Gulf of Mexico.
Barring an 11th-hour settlement, U.S. District Judge Carl Barbier will hear several hours of opening statements today by lawyers for the companies involved in the 2010 spill and the government and private plaintiffs who sued them. Barbier, not a jury, could decide how much more money is owed by BP PLC and its partners on the ill-fated drilling project.
BP has said it already has racked up more than $24 billion in spill-related expenses and has estimated it will pay a total of $42 billion to fully resolve its liability for the disaster.
But the trial attorneys for the federal government, Gulf states and private plaintiffs hope to convince the judge that the company is liable for much more.
With billions of dollars on the line, the companies and their courtroom adversaries have spared no expense in preparing for a trial that could last several months. Hundreds of attorneys have worked on the case, generating roughly 90 million pages of documents, logging nearly 9,000 docket entries and taking more than 300 depositions of witnesses who could testify at trial.
"In terms of sheer dollar amounts and public attention, this is one of the most complex and massive disputes ever faced by the courts," said Fordham University law professor Howard Erichson, an expert in complex litigation.
Barbier has promised he won't let the case drag on for years as has the litigation over the 1989 Exxon Valdez spill, which still hasn't been completely resolved. He encouraged settlement talks that already have resolved billions of dollars in spill-related claims.