April 9th, 2012 •
According to reports, two groups of scientists say they have identified signs of poor health in dolphins and in deep-sea corals due to exposure to polluted water in the northern Gulf of Mexico where the Deepwater Horizon oil spill occurred nearly two years ago. Reportedly, a team of biologists studying the health of a resident ......
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March 18th, 2012 •
According to reports, a federal magistrate has ruled that documents prepared by the National Marine Fisheries Service for the BP oil spill trial are confidential and are not to be made public. Sources say the magistrate’s order cites earlier orders issued by the federal judge overseeing the BP trial which outline what documents should be ......
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March 17th, 2012 •
According to media sources, British Petroleum has recently agreed to a settlement estimated to be around $7.8 billion with plaintiff’s suing BP over damages resulting from the Gulf Coast oil spill in 2010. Reportedly, the settlement will be divided into the following two separate agreements: (1) the resolution of economic loss claims; and (2) t...
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March 16th, 2012 •
According to media reports, BP and the Plaintiffs suing them as a result of the Gulf Coast oil spill in 2010 have recently reached a settlement of $7.8 billion dollars. Moreover, media sources say that the terms of the settlement will include compensation for cleanup workers and residents of certain Gulf Coast regions. The settlement ......
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March 14th, 2012 •
British Petroleum (BP) has recently agreed to a settlement with plaintiffs suing for damages as a result of the Gulf Coast oil spill in 2010, the worst oil spill in our nation’s history. Although negotiations are still underway, BP representatives have estimated the company will spend an approximate $7.8 billion on the settlement. However, th...
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March 9th, 2012 •
According to an article on the Washington Post ,BP has continued to handsomely reward its executives despite facing billions of dollars in payouts to plaintiffs and the United States government. The Post reports that BP paid out $1.1 million worth of shares to former chief executive Tony Hayward under a three-year incentive plan. The interestin...
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March 5th, 2012 •
According to reports from various news agencies, BP and the plaintiffs involved in the Gulf oil spill lawsuit have reached an agreement. Sources close to BP say that the company estimates it will have to pay about $7.8 billion in the Deepwater Horizon settlement. According to the CEO for BP, “the proposed settlement represents significant...
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March 1st, 2012 •
According to various reports, settlement talks have broken down between BP and lawyers representing business owners and individuals affected by the Deepwater Horizon oil spill in 2010. Sources say attorneys for both sides had been discussing the possibility of an agreement that would settle thousands of claims by tapping as much as $14 billion i...
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February 27th, 2012 •
According to an AP news report, a federal judge has ruled that BP PLC and a minority partner in the blown out Macondo well are liable for civil penalties under the Clean Water Act for their roles in Gulf of Coast oil spill in 2010. The presiding judge also ruled that Transocean Ltd. may be ......
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February 15th, 2012 •
According to several legal media outlets, BP has won a court order which will keep several damaging emails out of the trial set to determine responsibility for the 2010 Gulf Coast oil spill. Reportedly, the ruling by U.S. Magistrate Judge Sally Shushan in New Orleans came a day after U.S. District Judge Carl Barbier rejected ......
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