NEW ORLEANS, La. — The second phase of the BP oil spill trial which began on Monday, October 7, in New Orleans, is set to determine how much oil was spilled. In the meantime, BP was handed down a partial win by a Federal Appeals court, regarding the intial interpretation of the settlement claims agreement.
NEW ORLEANS, La. — Robert Turlak, a Transocean employee, took the witness stand on Tuesday, and testified that he was surprised when BP scrapped his team’s design to stop the gusher in the Gulf of Mexico that was a result of the Deepwater Horizon explosion on April 20, 2010. Transocean was the owner of the… read more
According to a Reuters article dated July 19, a federal judge denied oil giant BP’s attempt to suspend payments related to the 2010 Gulf of Mexico oil spill from the Deepwater Horizon explosion, while fraudulent claims are being investigated from the payout fund. The appeal is “BP Exploration & Production Inc et al. vs Lake… read more
On the heels of British oil giant BP’s appeal to New Orleans court to reassess the terms of its compensation deal with local businesses, they have set up a hotline for people to report allegations of fraud. BP promises that “tips that lead directly to an indictment, a recovery of money paid, or the denial… read more
NEW ORLEANS, La. — BP Oil has mounted an aggressive ad campaign placing full-page advertisements scheduled for publication on Wednesday, June 26, in The New York Times, The Wall Street Journal and The Washington Post. The ad accuses “trial lawyers and some politicians” of encouraging Gulf Coast businesses to submit thousands of claims for inflated… read more
NEW ORLEANS, La. – According to an article from Courthouse News, BP told their shareholders that a new court order could force them to make “substantially higher” payments than the initially projected $7.8 billions.
BP is currently being suspended from new contracts with the U.S. Government. On November 15, BP agreed to plead guilty to charges involving the death of ii oil rig workers that occurred on April 20, 2010. aboard the Deepwater Horizon oil rig. BP also pled guilty to lying to congress on how much oil was… read more
NEW ORLEANS, La. — Two BP supervisors, who were charged in the deaths of 11 oil rig workers who were killed in the 2010 Deepwater Horizon oil rig explosion, have been assigned a new judge.
NEW ORLEANS, La. — In a hearing held on on Tuesday, Nov. 27, BP agreed to pay $4.5 billion to settle the criminal charges and related Securities and Exchange Commission charges against the oil company that occurred more than 2½ years after the Deepwater Horizon explosion in the Gulf of Mexico.
NEW ORLEANS, La. — According to Bloomberg Businessweek, BP and Lawyers representing Gulf oil spill victims as a result of the Deepwater Horizon disaster of April 10, 2010, are asking U.S. District Judge Carl Barbier to approve a proposed $7.8 billion partial settlement of claims, while attorneys for thousands of plaintiffs seek rejection or modification of… read more