On January 18, 2012, the United States District Court for the Eastern District of Louisiana issued an Order Amending and Superseding the Court’s Previous Orders of December 28, 2011, and January 4, 2012 related to a 6% hold-back requirement on all payments made by or on behalf of defendants in the Multidistrict Litigation (MDL), including payments made by the GCCF.  The Court’s January 18 Order now limits the 6% hold-back requirement to Gulf Coast Claims Facility (GCCF) claimants who have filed a suit in the MDL or a claim against Transocean in its Limitation of Liability proceeding in the MDL (“claimants-in-limitation”) or state court plaintiffs represented by counsel that had access to the MDL discovery process. The 6% hold-back does not apply to claimants who never filed an MDL suit or claim in limitation or state court plaintiffs whose counsel has not had access to the MDL discovery process. The Court’s January 18, 2012 Order can be found at http://www.gulfcoastclaimsfacility.com/AmendedandSupersedingOrderEscrowAccount1182012.pdf.

In accordance with the Court’s January 18, 2012 Order, the GCCF has noted the following:

For additional information, please visit the GCCF’s web site at http://www.gulfcoastclaimsfacility.com/.