HOUSTON - A federal judge in Texas on Feb. 6 granted in part and denied in part a motion to dismiss filed by BP PLC and certain of its subsidiaries and former executive officers, ruling that although shareholders have failed to plead scienter against... Read More
NEW ORLEANS - The federal judge in Louisiana presiding over lawsuits stemming from the explosion of the Deepwater Horizon and ensuing oil spill in the Gulf of Mexico on Oct. 1 dismissed three claims raised in the B1 bundle complaint stemming from economic... Read More
NEW ORLEANS - A federal magistrate judge in Louisiana on March 30 severed and remanded a breach of contract action from the multidistrict litigation court for claims arising from the explosion of the Deepwater Horizon oil rig and ensuing oil spill in... Read More
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... Read More
HOUSTON - Participants in BP's retirement plans failed to overcome the presumption that the plans' investment in company stock was prudent, even after the Deepwater Horizon explosion and uncontained oil spill, a federal judge in Texas ruled March... Read More
NEW ORLEANS - The federal judge in Louisiana overseeing litigation arising from the explosion of the Deepwater Horizon and ensuing oil spill in the Gulf of Mexico on April 20, 2010, ruled June 15 that attorneys representing clients resolving claims through... Read More
NEW ORLEANS - A group of landowners along the Gulf Coast and three oyster fisheries in Louisiana on Nov. 1 officially opted out of BP PLC's proposed $7.8 billion settlement for economic loss and medical claims arising from the oil spill caused by... Read More
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... Read More
NEW ORLEANS - In a proposed brief filed Aug. 31 in response to BP PLC's motion for final approval of a $7.8 billion settlement for economic and property damages caused by the 2010 explosion of the Deepwater Horizon oil rig and ensuing oil spill in... Read More
NEW ORLEANS - Excess insurers filed suit on July 31 in Louisiana federal court seeking a declaration regarding coverage obligations for the 2010 BP oil spill in the Gulf of Mexico (Great American Insurance Company of New York, et al. v. BP Exploration... Read More
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... Read More
NEW ORLEANS - The U.S. Department of Justice on April 24 announced that a former engineer for BP PLC was arrested for two counts of obstructing justice in the criminal investigation of the April 20, 2010, explosion of the Deepwater Horizon oil rig in... Read More
WASHINGTON, D.C. - Transocean Ltd., the owner of the Deepwater Horizon oil rig that exploded in April 2010, resulting in a historic oil spill in the Gulf of Mexico, said in a Form 8-K filed Sept. 10 with the U.S. Securities and Exchange Commission that... Read More
NEW ORLEANS - The Louisiana federal judge overseeing the multidistrict litigation for claims arising from the explosion of the Deepwater Horizon rig and ensuing oil spill in the Gulf of Mexico gave preliminary approval for two separate class settlement... Read More
NEW ORLEANS - BP PLC announced Nov. 15 that it would plead guilty to a dozen felony charges brought by the federal government and pay $4.5 billion in penalties over its involvement in the explosion of the Deepwater Horizon oil rig and ensuing oil spill... Read More