Gulf oil spill punitive damages News

BP Told It Can’t Use Transocean Insurance for Gulf Spill

A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year’s record oil spill in the Gulf of Mexico. Tuesday’s decision by U.S. District Judge Carl Barbier in New Orleans …

Judge Allows Alabama, Louisiana to Seek Punitive Damages in Oil Spill

A federal judge Monday said Alabama and Louisiana may seek punitive damages from companies including BP Plc for damages arising from last year’s Deepwater Horizon oil spill in the Gulf of Mexico. The decision by U.S. District Judge Carl Barbier …