There’s nothing like an impending trial to prompt defendants to cut their losses and settle out of court. We’re seeing the front-end of that legal phenomenon today with Cameron International – the maker of the (poorly named) “blowout preventer” that failed to stop last year’s 200-million-gallon Gulf oil spill – agreeing to settle with BP … Continue reading The Settlement Phase: Maker of Blowout Preventer Agrees to Pay BP $250 Million