Florida looks to delay BP settlement approval

More time: Florida’s Attorney General is seeing to delay the approval of a $7.8 billion settlement related to the 2010 Macondo oil spill to give interested parties more time to review the deal

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News Wires

 16 April 2012 03:35 GMT

The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP's $7.8 billion settlement with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill.

Attorney General Pamela Bondi, representing her constituents, said in a filing in Louisiana federal court on Friday that there was not enough information available about the settlement terms, Reuters reported.

She asked that the court "delay any immediate decision on the preliminary approval" of the settlement and to establish a schedule to allow interested parties an opportunity to review the settlement.

The settlement requires approval from US District Judge Carl Barbier.

BP reached the agreement in early March with the Plaintiffs' Steering Committee (PSC), which represents condominium owners, fishermen, hoteliers, restaurateurs and others who…

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