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Those who accept the payment will have to sign a waiver stating that they will not sue BP. "If you think the lump sum payment is inadequate, don't sign," he said, adding that the litigation route in court will mean uncertainty, years of delay and a big cut for the lawyers.
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She described this as an "afterthought", adding that the preliminary discovery litigation would have been a "strain" on Liu.
In a reference to the convolutions of the long-running lawsuit, Judge Lewis A. Kaplan of Federal District Court in Manhattan said that "life imitates art," adding that the final stretch of the litigation had "taken on a decidedly Dickensian air".
"We didn't avoid the lawsuit, but we can avoid protracted litigation," Mr. Cardozo said, adding that the city had already staved off a number of these types of suits since he was appointed, but declining to be specific.
In the tape, Mr. Clinton saluted what he described as the Castano Group's pioneering role in litigation against tobacco producers, adding that the lawyers had been "especially successful in working with my friend Gray Davis in California where they joined forces to bring Big Tobacco to the negotiating table and crafted a truly historic settlement".
Ninfa Segarra, the last president of the old board, said on Thursday that she was surprised that it still existed, adding that the board's unanticipated survival "may be a way of hiding ongoing litigation".
"We prefer partnership over litigation; we prefer action over congestion," said Mr. Doer, adding that the deal "respects the board's fiduciary responsibility".
A statement from Immigration and Customs Enforcement, an arm of the Department of Homeland Security, said that the settlement was not an admission of wrongdoing, adding that "the government is settling in order to avoid the additional time and expense of further litigation".
Muriel Goode-Trufant, the chief of the special federal litigation division of the city Law Department, said, "We will review the matters thoroughly," adding that the agency was waiting to receive the complaint.
But he added that "the goals of the litigation can be achieved without reorganization at this time".
"You would need other kinds of facts," Professor Ribstein said, adding that litigation arising from Enron's financial collapse might well outline what those facts would be.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com