October 22, 2013
A Louisiana federal judge overseeing the Deepwater Horizon multidistrict litigation extended a payment freeze on Friday for some economic loss claims stemming from BP PLC's estimated $7.8 billion oil spill settlement but rejected new criteria proposed by the oil giant.
October 18, 2013
A Louisiana federal judge ended two weeks of courtroom debate over the quantity of oil spilled into the Gulf of Mexico as a result of the April 2010 explosion of BP PLC's Deepwater Horizon rig, making the next step in the case the judge's determination of BP's penalties.
October 07, 2013
BP PLC began the quantification portion of the Deepwater Horizon trial on Monday by arguing that the U.S. government made false assumptions about flow rates following the April 2010 Macondo well explosion and vastly overestimated the total amount of oil spilled.
October 04, 2013
The Louisiana federal judge overseeing the Deepwater Horizon oil spill multidistrict litigation ordered the claims administrator of BP PLC's estimated $7.8 billion settlement to suspend some payments on Thursday following a Fifth Circuit ruling overturning the administrator's interpretation of the deal.
October 02, 2013
BP PLC officials stood firmly behind the company's oil spill control efforts following the April 2010 Deepwater Horizon disaster during federal trial proceedings on Wednesday, arguing that it acted responsibly by pursuing safe mitigation measures that had the potential to stop the flow without making the disaster worse.
September 30, 2013
BP PLC opened the second phase of the Deepwater Horizon trial on Monday insisting that it did everything possible to stop oil from gushing into the Gulf of Mexico, battling allegations that the company deliberately misled government officials and failed to have an appropriate response plan in place.
September 27, 2013
In the second phase of the Deepwater Horizon trial set to kick off Monday, BP PLC will have to convince a judge that it did everything it could to stop millions of barrels of oil from spewing into the Gulf of Mexico in order to limit its liabilities — a potentially daunting task, experts say, given BP's admissions in the criminal case connected to the spill.
September 23, 2013
BP PLC took another stab on Monday at freezing settlement payouts under the Deepwater Horizon economic damages program, saying a court-ordered report's findings of potentially criminal misconduct within the claims handling process justify a shutdown.
September 18, 2013
BP PLC made a veiled attempt to choke off Deepwater Horizon settlement payments the company failed three times to enjoin in court by asking to cut $25.5 million from the claims facility's quarterly budget, the settlement administrator said Tuesday.
September 13, 2013
A Louisiana federal judge overseeing the Deepwater Horizon multidistrict litigation threw out allegations Thursday from three Mexican states blaming BP PLC for property and economic damages suffered in the wake of the April 2010 oil spill, ruling that only Mexican federal officials have standing to assert the claims.