Oil Spill MDL Judge Approves Transocean's $1B Settlement Agreement

NEW ORLEANS - The federal judge in Louisiana who is overseeing litigation arising from the April 2010 explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico on Feb. 19 approved Transocean Deepwater Inc. and its affiliates' agreement to pay $1 billion in civil penalties...

BP, Government Agree Company Collected 810,000 Barrels Of Oil During Spill

NEW ORLEANS - In what published reports are saying could save BP Exploration and Production Inc. more than $3 billion in penalties under the Clean Water Act (CWA), a federal judge in Louisiana on Feb. 19 approved an agreement between the company and the federal government that the company collected 810...

Panel Says BP Is Additional Insured As To Pollution Risks Related To Oil Spill

NEW ORLEANS - BP Exploration & Production Inc. and its related entities are additional insureds under policies issued to Transocean Offshore Deepwater Drilling Inc. and, therefore, are entitled to coverage as additional insureds for claims related to the Deepwater Horizon incident, the Fifth Circuit...

5th Circuit Denies Transocean's Motion To Stay Ruling Enforcing Subpoenas

NEW ORLEANS - Transocean Deepwater Drilling Inc.'s motion to stay pending appeal of the enforcement of government subpoenas requiring the owner of the Deepwater Horizon oil rig to produce documents related to the Chemical Safety and Hazard Investigation Board (CSB)'s investigation of the explosion...

Haliburton To Plead Guilty For Destroying Evidence Related To Deepwater Horizon

WASHINGTON, D.C. - The U.S. Department of Justice announced on July 25 that Halliburton Energy Services Inc. has agreed to plead guilty to destroying evidence related to the explosion of the Deepwater Horizon oil rig in April 2010, pay the maximum statutory fine and be subject to three years of probation...

Oil Spill MDL Judge Orders BP To Pay $128M To Fund Claims Budget

NEW ORLEANS - The federal judge in Louisiana presiding over litigation arising from the explosion of the Deepwater Horizon and ensuing oil spill in the Gulf of Mexico on Aug. 7 ordered BP Exploration and Production Inc. to pay $128,654,584 to fund the third-quarter budget of the Court Supervised Settlement...

JPMDL Refuses To Create New MDL For Gulf Oil Spill Suits

WASHINGTON, D.C. - The Judicial Panel on Multidistrict Litigation (JPMDL) on Aug. 9 refused to create a second multidistrict litigation for suits brought by individuals, businesses and government entities who have opted out of settlement agreements with BP Exploration & Production Inc. to resolve...

Panel Certifies Questions To Texas High Court Regarding Additional Insured Status

NEW ORLEANS - The Fifth Circuit U.S. Court of Appeals on Aug. 29 withdrew its opinion regarding the additional insured status of BP Exploration & Production Inc. and its related entities under policies issued to Transocean Offshore Deepwater Drilling Inc. and certified questions to the Texas Supreme...

Oil Spill MDL Judge Finds Mexican States Lacked Proprietary Interest In Gulf

NEW ORLEANS - The federal judge in Louisiana who is presiding over litigation stemming from the explosion of the Deepwater Horizon and ensuing oil spill in the Gulf of Mexico on Sept. 6 awarded summary judgment to the defendants in suits brought by three Mexican states after finding that they were unable...

5th Circuit Orders Oil Spill MDL Judge To Review Settlement Agreement

NEW ORLEANS - A divided Fifth Circuit U.S. Court of Appeals panel on Oct. 2 affirmed the dismissal of BP Exploration and Production Inc.'s breach of contract suit against the administrator of the Gulf Coast Claims Fund (GFFC), but ordered the judge presiding over the multidistrict court for litigation...

Judge Substantially Dismisses Securities Claims In BP Oil Spill Lawsuit

HOUSTON - In an opinion made available on Oct. 7, a federal judge in New York significantly trimmed the claims in a securities class action complaint filed by Ohio state pension funds against BP PLC., two of its subsidiaries and three former officers and directors, ruling that the pension funds had not...

5th Circuit Affirms Dismissal Of Group's Request To Intervene In BP Settlement

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on Nov. 11 affirmed the dismissal of Gulf Organized Fisheries in Solidarity & Hope Inc.'s (GO FISH) motion to intervene to object to the manner in which a second wave of distributions will be made pursuant to the Seafood Compensation Program...

5th Circuit Grants BP's Request For Extended Stay Of Settlement Payouts

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on Dec. 2 granted BP Exploration and Production Inc.'s request for a further stay of payouts from its $7.8 billion settlement to resolve economic loss claims stemming from the oil spill in the Gulf of Mexico and ordered the federal judge in...

Divided 5th Circuit Panel Affirms Approval Of Gulf Oil Spill Settlement

NEW ORLEANS - A 2-1 panel of the Fifth Circuit U.S. Court of Appeals on Jan. 10 affirmed a decision by the federal judge in Louisiana overseeing claims stemming from the explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico to approve a $9.2 billion settlement agreement...