BP oil spill litigation News

Court Rules BP Not Covered by Transocean’s $750M Insurance

BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 million for spill costs. The decision …

Billions at Stake as BP Oil Spill Trial Enters Next Phase

BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its …

Plaintiffs: BP Acted With Gross Negligence in 2010 Spill

BP Plc and its contractors should be found grossly negligent for their actions in the April 2010 blowout of the Macondo well and the subsequent Gulf of Mexico oil spill, plaintiffs’ lawyers told a judge. U.S. District Judge Carl Barbier …

BP Shareholders Seek Class Action Status for Suit Over Gulf Spill

BP Plc’s U.S. investors asked a federal court to grant class action, or group, status for their lawsuit claiming the company misled them before and after the 2010 spill in the Gulf of Mexico. The investors, led by the New …

BP Hit By Wave of Gulf Oil Spill Claims As Deadline Approaches

BP Plc has been hit by more than 2,200 new lawsuits seeking payback for the 2010 Gulf of Mexico oil spill in the past few weeks as individuals, companies and government bodies rushed to stake their claim before their right …

Judge Approves $7.8 Billion Settlement in BP Class Action Suit

A U.S. judge last Friday gave final approval to BP Plc’s settlement with individuals and businesses who lost money and property in the 2010 Gulf of Mexico oil spill. The order only addressed the settlement of economic and property damage …

BP Wins Delay of Gulf Oil Spill Trial

A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off until January, in a setback for the U.S. government, which wanted to try …

Alabama Attorney General Urges Judge to Set BP Trial Date

Alabama Attorney General Luther Strange has urged a Louisiana federal judge to set a trial date to hear claims of lost revenue by Alabama and Louisiana because of the massive BP oil spill. Strange said Friday that setting a trial …

Lawyers in Gulf Oil Spill Settlement Prepare for Fight Over Fees

The estimated $7.8 billion settlement reached last week between BP Plc and attorneys for victims of the Gulf of Mexico oil spill left many details unresolved, but at least one thing looks like a sure bet. The lawyers are gearing …

BP Seeks Settlement with Oil Spill Plaintiffs

BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the …