Environmental & Energy,
Class Action
Dec. 20, 2022
Fisher plaintiffs to get most of $50M from Amplify oil spill deal
“The settlement provides that Amplify shall pay $34 million to the fisher class in exchange for a full release of claims alleged on behalf of the fisher class in this litigation,” read the court filing from Aitken Aitken Cohn name partner Wylie A. Aitken, Lieff Cabraser Heimann & Bernstein LLP partner Lexi J. Hazam and Larson LLP partner Stephen G. Larson. The property class will receive $9 million and the waterfront tourism class will receive $7 million, per the terms of the agreement.
The proposed plan of distribution for the $50 million settlement with Amplify Energy Corp. stemming from a 2021 oil spill in Huntington Beach was filed by attorneys for the plaintiffs, with the fisher class to receive the largest amount of $34 million.
Attorneys submitted proposed plans for the fisher class, the property class, and the waterfront tourism class on Friday. U.S. District Judge David O. Carter in Santa Ana signed off on the s...
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