A lack of clarity and growing confusion has accompanied the BP (NYSE:BP) escrow fund administered by Kenneth Feinberg, specifically surrounding whether or not other companies like Anadarko (NYSE:APC), Transocean (NYSE:RIG), Halliburton (NYSE:HAL) and Cameron International (NYSE:CAM) will be allowed to be sued after claimants are paid.
One thing for sure has already been decided. Those who agree to final claims with BP will have to waive their right to sue at a later date in order to receive the payment.
Confusion comes from the lack of a decision from Feinberg on whether that will extend to other companies in the case of final claims.
Feinberg has said, “The question of whether or not a final payment will require a claimant to release one defendant, BP Plc, or all defendants, has not yet been resolved by me.”
For those receiving claims on an interim basis for losses related to the spill, they will have the right to sue BP or other companies in court.
It's only those who agree to final claims with BP at this time that are waiving the right to sue, and no one else.
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