Courts Lawsuit in ’21 oil spill has been settled, pipeline operator says - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 1, 2022 Newswires
Share
Share
Post
Email

Courts Lawsuit in ’21 oil spill has been settled, pipeline operator says

Wave, The (Huntington Beach, CA)

A settlement has been reached in a class-action lawsuit brought by fishing companies, coastal businesses and property owners looking to recoup losses after last fall’s pipeline break that spilled thousands of gallons of oil into the ocean off Orange County, operator Amplify Energy Corp. announced Aug. 25.

Details of the agreement that will settle the civil claims against Amplify and its subsidiary companies were not provided. A statement from Amplify’s president and CEO, Martyn Wilsher, said, “Though we are unable to provide additional detail at this time, we negotiated in good faith and believe we have come to a reasonable and fair resolution.”

Wylie Aitken, one of three attorneys tapped to represent more than a dozen business owners and individuals named as plaintiffs in the suit, said the agreement includes “both monetary and injunctive relief,” though he declined to provide the amount of money the parties settled on until the agreement is submitted to the court for approval.

Still being finalized are details such as how the money will be allocated fairly to all plaintiffs and the steps for injunctive relief that Amplify will take to ensure “this never happens again,” he said.

Aitken said, though, that attorneys are “very satisfied” with the terms of the agreement “and feel our clients will be equally satisfied, and that’s the most important thing.”

Amplify said the company’s insurance policies will fund the settlement, which still needs to be approved by the court.

Orange County officials recently agreed to accept a $956,352 settlement from the company, which will cover costs incurred by county agencies during the cleanup.

The October pipeline breach about 4 miles off Huntington Beach poured an estimated 25,000 gallons of oil into the water, shutting down beaches, harbors and fisheries as the slick was mopped up from shorelines and off contaminated wildlife.

The combined class action lawsuit sought an unspecified amount in damages of more than $5 million, claiming that, as a result of the spill and failure to contain it, local fishing and water tourism businesses took a hit as beaches were closed to the public and fishing was prohibited in the waters spanning Huntington Beach to Dana Point. Property owners operating rentals on the coast also were harmed, the suit said, and the environmental impact to local wildlife, including sea life and birds, was “apparent immediately.”

The Associated Press contributed to this report.

Older

Why is Medical History Relevant for Life Insurance?

Newer

wildfires California homeowners face wildfire threat Insurers argue the state should update rate regulations to account for more frequent catastrophic fires

Advisor News

  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
  • Embracing a family-centric approach to financial planning
  • Family communication: Financial planning’s growing blind spot
  • Americans aren’t turning retirement plans into action, LIMRA finds
More Advisor News

Annuity News

  • Cayman Islands premier to meet with U.S. reinsurance regulators
  • Investigation finds deceptive sales, churning of annuities targeting postal workers
  • Corebridge annuity sales slip ahead of Equitable marriage
  • California teachers settle class-action lawsuit over in-plan annuity fees
  • Jackson Financial CEO caps 40-year career with blockbuster Q2
More Annuity News

Health/Employee Benefits News

  • Cuts to healthcare access harm us all
  • Arizona, others sue feds over rule many say cuts health care costs
  • Healey announces campaign to help residents hold onto their healthcare coverage
  • State agency seeks waiver to reinstate HIP cost-sharing
  • IN NEW ASSAULT ON TRANS YOUTH CARE, TRUMP ADMINISTRATION BARS MEDICAID AND CHIP COVERAGE FOR NECESSARY HEALTH CARE
More Health/Employee Benefits News

Life Insurance News

  • LIMRA: Individual life sales continue growth trend in Q2, led by whole life and VUL
  • New York Life Awards 20 Golden Futures Scholarships, Expanding Student Support Through Financial Education and Career Development
  • Built to Last: Winston-Salem—a quiet industrial powerhouse
  • The silver economy ushers in a new era of life insurance growth
  • Family communication: Financial planning’s growing blind spot
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet