A judge for the US District Court for the Eastern District of Louisiana ruled Wednesday that BP was grossly negligent and bears a majority of the blame for the 2010 Deepwater Horizon disaster. In his 153-page decision, Judge Carl Barbier determined that 67 percent of the blame for the disaster ...[read more]
BP asked the US Supreme Court on Wednesday to stay a March ruling requiring the company to make massive settlement payments as a result of the 2010 Deepwater Horizon oil spill. BP contends that the US Court of Appeals for the Fifth Circuit decision to deny an injunction of the settlement agreement ...[read more]
British Petroleum (BP) announced Wednesday that it will appeal a recent US Court of Appeals for the Fifth Circuit decision to the US Supreme Court. The March decision by the Fifth Circuit rejected BP's claim that payments to alleged oil spill victims claiming economic losses should be excluded ...[read more]
The Oil Pollution Act of 1990 passed both houses of Congress by large margins and was signed into law by President George H.W. Bush in response to the Exxon Valdez spill in Prince William Sound, Alaska. It mandates detailed clean-up plans from oil companies and requires monies to be set aside for ...[read more]
The April 2010 Deepwater Horizon oil spill, or BP oil spill, had far-reaching and catastrophic environmental effects. According to a 2013 study published by the National Academy of Sciences, it is difficult to know the full extent of environmental damage caused by the spill because of the movement ...[read more]
Deepwater Horizon, the name given to the oil spill from the British Petroleum (BP)-run Macondo Prospect in the Gulf of Mexico, occurred between April and September 2010. Macondo Prospect is a large area off the coast of the Louisiana that contains large deposits of oil and is thus the site of ...[read more]
On April 20, 2010, an explosion of high pressure methane gas sank British Petroleum (BP)'s Deepwater Horizon drilling rig, causing a leak that became one of the largest oil spills in history. The leak continued until the well was officially sealed on September 21, 2010 and released an estimated ...[read more]
The US Court of Appeals for the Fifth Circuit ruled 2-1 Monday that British Petroleum (BP) must adhere to the terms of its Deepwater Horizon oil spill settlement agreement with Gulf businesses and pay for damages regardless of whether causation can be proved. BP had argued that the settlement ...[read more]
03/03/2014: Ninth Circuit revived shareholder suit against BP Alaska.
02/13/2014: Ninth Circuit revived shareholder suit against BP Alaska.
01/10/2014: Federal appeals court upheld multibillion dollar settlement for BP oil spill.
10/02/2013: Federal appeals court rejected judge's interpretation ...[read more]
The US Court of Appeals for the Ninth Circuit issued an opinion on Thursday reinstating a shareholder class-action lawsuit against BP Alaska for securities fraud after the case had been dismissed by a lower federal court. The case had been dismissed for inadequate pleading in the lower court. On ...[read more]