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Obama: BP Agrees To $20B Fund; Chairman Apologizes

WASHINGTON, D.C. - (AP) President Barack Obama and BP reached agreement Wednesday on a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, and the giant British company's chairman apologized to America for the worst environmental accident in the nation's...

Plaintiff Attorney: Deepwater Horizon A 'Nightmare Well'

ATLANTA - Lax inspection, construction shortcuts and faulty equipment led to the explosion of the Deepwater Horizon oil rig in the Gulf of Mexico and the subsequent failure to stop the millions of gallons of oil leaked, according to a plaintiff attorney. Robin Greenwald of Weitz and Luxenberg in New...

Administrator: $20B BP Escrow Fund To Cover Most Oil Spill Claims, Could Grow Larger

ATLANTA - The $20 billion BP escrow fund to compensate victims of the Gulf oil spill will cover all claims against the company except for environmental cleanup and could eventually grow much larger, Michael K. Rozen of Feinberg Rozen said today at HB Litigation Conferences ' Oil in the Gulf: Litigation...

Oil Dispersants In The Gulf: A 'Scientific Experiment?'

ATLANTA - The use of dispersants on oil leaking from the sunken Deepwater Horizon rig could create a toxic stew of byproducts, and past oil spills are of little help in predicting what damage could be done to the Gulf of Mexico, speakers said today at HB Litigation Conferences ' Oil in the Gulf:...