BP’s Deepwater Horizon Oil Spill Settlement
Finance Scholars Group and its Chairman and CEO, Marc Vellrath, were retained by Halliburton to review the proposed $7.8 billion settlement between BP and the Deepwater Horizon Oil Spill Plaintiffs’ Steering Committee in 2012. Over the course of three months, Vellrath and the professional staff at FSG prepared a 241-page report (excluding appendices). The report covered a wide range of topics, including standards for class certification, causation issues, and methods of calculating damages for a wide range of individuals and businesses.