Attorneys set to pull billions out of BP settlement with states, local governments

NEW ORLEANS – Several attorneys are set to receive big paydays following last week’s $18.7 billion settlement between BP and five Gulf states along with more than 500 municipalities concerning damages stemming from the 2010 Gulf oil spill.

In what some have deemed the hidden cost of last week’s settlement, several law firms throughout the country representing hundreds of municipalities involved in the settlement stand to earn legal fees worth up to a quarter of the total settlement.

In Louisiana, the number of local governments in line to accept the settlement has grown. On Wednesday alone, the Orleans Parish School Board […]