March 03, 2012
Though multidistrict litigation over the Deepwater Horizon oil spill has come to a halt in a record-breaking settlement of some $7.8 billion, regulatory changes spurred by the disaster will continue to make themselves felt in stricter safety and environmental rules, agency shake-ups and slower permitting for new drilling projects.
March 03, 2012
U.S. District Judge Carl Barbier played a decisive role in leading BP PLC and plaintiffs' attorneys to negotiate a $7.8 billion settlement before trial in the Deepwater Horizon multidistrict litigation, according to experts, who lauded his managerial skills.
March 03, 2012
BP PLC's agreement in principle to shell out at least $7.8 billion to end the bulk of the sprawling litigation over the Deepwater Horizon oil spill eclipses headline-grabbing product liability settlements like the $4.85 billion Vioxx deal and is virtually unprecedented for an environmental toxic tort case, experts in complex litigation said.
March 02, 2012
BP PLC on Friday asked the Fifth Circuit to take a look at a ruling in multidistrict litigation over the Deepwater Horizon oil spill that said Transocean Ltd.'s insurers had no duty to cover BP for costs related to the disaster.
March 02, 2012
As parties in multidistrict litigation over the Deepwater Horizon oil spill geared up for Monday's trial, BP PLC fought Thursday to exclude any evidence of its prior safety failures and misconduct from the proceedings, including dozens of pages of testimony from former CEO Tony Hayward.
March 02, 2012
BP PLC and plaintiffs' lawyers agreed in principle Friday to settle hundreds of thousands of claims in multidistrict litigation over the Deepwater Horizon oil spill, potentially resolving a major part of the legal proceedings that arose from the worst environmental disaster in U.S. history.
February 22, 2012
A Louisiana federal judge found Wednesday that BP PLC and Anadarko Petroleum Corp. are liable for Clean Water Act violations caused by the April 2010 explosion of the Macondo well that the two companies co-owned.
February 21, 2012
A Deepwater Horizon worker aboard the vessel during the April 2010 Macondo well explosion said Monday that she had settled her injury claims against companies targeted in ensuing multidistrict litigation, including BP PLC, Transocean Ltd. and Halliburton Energy Services Inc.
February 17, 2012
BP PLC said Friday it had settled with M-I LLC over M-I's role in providing drilling fluid and services at the oil well involved in the 2010 Deepwater Horizon disaster, asking the federal judge presiding over the multidistrict litigation to dismiss the claims with prejudice.
February 17, 2012
A MOEX USA Corp. unit that owned a stake in the offshore well involved in the Deepwater Horizon oil spill has reached a $90 million settlement with the U.S. government and five Gulf states, agreeing to pay the largest civil penalty ever collected under the Clean Water Act, officials announced Friday.