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BP: $1.6 billion in blast money is gone
By Scott E. Williams
The Daily News
Published December 17, 2007
TEXAS CITY — BP officials said Monday that the petroleum company has spent all of a $1.6 billion fund it had established for settlements of cases stemming from March 2005’s deadly blasts.
The explosions, at BP’s Texas City refinery, killed 15 workers and wounded hundreds more. The sound of the blasts carried all the way to Galveston Island, and the consequences of the blasts included more than 3,000 lawsuits.
More than half of those — including all wrongful-death claims — had been settled by late 2007, but BP depleted its fund to do so, BP spokesman Neil Chapman said.
Eight plaintiffs’ cases that have not settled are under way in the 212th State District Court, in Galveston. That trial resumes today, after skipping Monday to allow presiding Judge Susan Criss to file as a candidate for Texas Supreme Court.
Those cases involve workers claiming various injuries caused by the blasts.
BP was assessed a $50 million criminal fine in a federal investigation into the deadly explosions.
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