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BP Announces Preliminary $7.8 Billion Settlement With Plaintiffs Over Gulf Oil Spill

Estimated $7.8B settlement expected to be paid from $20 billion Trust BP has reached a settlement with the Plaintiffs' Steering Committee (PSC), subject to final written agreement, to resolve the substantial majority of legitimate economic loss and medical claims stemming from the Deepwater Horizon...

$7.8B Settlement Reached By BP and Plaintiffs in Deepwater Horizon Gulf Oil Spill Claims

Lexis.com subscribers may click here to access Related Court Documents, Including Briefs, Pleadings and Motions for the Gulf Oil Spill Litigation . NEW ORLEANS - (Mealey's) BP PLC and plaintiffs in the federal multidistrict litigation court in Louisiana for claims arising from the explosion...

BP, Plaintiffs Agree To $7.8 Billion Settlement Of Gulf Oil Spill Claims

NEW ORLEANS - (Mealey's) BP PLC and plaintiffs in the federal multidistrict litigation court in Louisiana for claims arising from the explosion of the Deepwater Horizon rig and ensuing oil spill in the Gulf of Mexico reached an agreement on March 2 wherein the company would pay $7.8 billion to resolve...

BP Announces $7.8 Billion Settlement Of Gulf Oil Spill Claims

NEW ORLEANS - (Mealey's) BP PLC and plaintiffs in the federal multidistrict litigation court in Louisiana for claims arising from the explosion of the Deepwater Horizon rig and ensuing oil spill in the Gulf of Mexico reached an agreement on March 2 wherein the company would pay $7.8 billion to resolve...

Gulf Oil Spill Plaintiffs' Steering Committee Announces Finalized Settlement With BP

Joint Motions Seek Preliminary Court Approval NEW ORLEANS -- The Plaintiffs' Steering Committee (PSC) leading the litigation surrounding the 2010 BP Gulf Oil Spill announced April 18 that it has finalized its settlement with BP. The PSC has filed for Class certification, and the Parties have...

Former BP Engineer Arrested For Obstructing Justice In Oil Spill Investigation

NEW ORLEANS - (Mealey's) 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 the Gulf of Mexico for deleting text...

Judge Gives Preliminary Approval Of Settlement Of Gulf Oil Spill Claims

NEW ORLEANS - (Mealey's) 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 agreements May 2, one resolving certain...

The BP Securities Litigation: Court Sustains One Group Of Investors' Claims Of Securities Fraud Arising From the Deepwater Horizon Disaster

On February 13, 2012, the Hon. Keith Ellison, federal district court judge for the Southern District of Texas, ruled on motions to dismiss filed by several British Petroleum ("BP") entities and individual defendants who have been sued for securities fraud. The gravamen of investors' claims...

State Net Capitol Journal – July 16, 2012

Budget & Taxes POLITICAL DIVIDE ON ECONOMIC RECOVERY: States finally emerging from the long economic downturn are now faced with the dilemma of deciding the best way to facilitate their recovery. Two states in particular are taking approaches that couldn't be more different. Maryland...

State Net Capitol Journal – July 16, 2012

Budget & Taxes POLITICAL DIVIDE ON ECONOMIC RECOVERY: States finally emerging from the long economic downturn are now faced with the dilemma of deciding the best way to facilitate their recovery. Two states in particular are taking approaches that couldn't be more different. Maryland...

BP To Pay $4.5 Billion, Plead Guilty To Criminal Charges For Oil Spill

N EW ORLEANS - (Mealey's) BP PLC announced on 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 in the Gulf of Mexico. ...

BP PLC To Pay $4.5 Billion, Plead Guilty To Criminal Charges For Gulf of Mexico Oil Spill

NEW ORLEANS - (Mealey's) 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 in the Gulf of Mexico. The...

Federal Court Approves BP's Guilty Pleas, Agreement To Pay $4.5 Billion In Penalties

NEW ORLEANS - (Mealey's) A federal judge in Louisiana on Jan. 29 approved BP Exploration & Production Inc.'s offer to plead guilty to 11 counts of manslaughter and pay $4.5 billion in criminal penalties for its role in the explosion of the Deepwater Horizon oil rig on April 20, 2010, and...

DOJ: Judge Accepts Transocean’s Guilty Plea; Company to Pay $400M

WASHINGTON, D.C. - (Mealey's) The U.S. Department of Justice announced that a federal judge in Louisiana has accepted Transocean Ltd.'s guilty plea today for violating the Clean Water Act (CWA) over its conduct leading to the 2010 explosion of the Deepwater Horizon oil rig and that the company...

DOJ: Judge Accepts Transocean’s Guilty Plea; Company to Pay $400M

WASHINGTON, D.C. - (Mealey's) The U.S. Department of Justice announced that a federal judge in Louisiana has accepted Transocean Ltd.'s guilty plea for violating the Clean Water Act (CWA) over its conduct leading to the 2010 explosion of the Deepwater Horizon oil rig and that the company will...

Louisiana Federal Judge Signs Consent Decree For Deepwater Horizon $1 Billion Settlement

NEW ORLEANS - (Mealey's) 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...

BP Sues Plaintiffs’ Lawyer, Alleging Thousands of ‘Phantom Clients’ and Fraud in Seafood Compensation Program

BP has filed a civil lawsuit in federal district court in New Orleans against plaintiffs’ lawyer Mikal C. Watts, alleging that he fraudulently claimed to represent more than 40,000 deckhands who allegedly suffered economic injuries as a result of the Deepwater Horizon oil spill. BP asserted that...

SEC Settles Insider Trading Case Tied to BP Oil Spill

The SEC filed a settled insider trading action against an employee of BP p.l.c. tied to the Deepwater Horizon oil spill in 2010. Specifically, the Commission claims that Keith Seilhan had material non-public information regarding the severity of the spill that had not been disclosed at the time he sold...

Halliburton Agrees To Pay $1.1 Billion To Resolve Most Gulf Oil Spill Claims

NEW ORLEANS — (Mealey’s) Halliburton Energy Services Inc. (HESI), the company that was responsible for cement work for the Macondo well in the Gulf of Mexico, on Sept. 2 filed an agreement in Louisiana federal court under which it will pay approximately $1.1 billion to resolve claims for...

Oil Spill MDL Judge: Discharge Was Result Of BP’s Willful Misconduct

NEW ORLEANS — (Mealey's) The federal judge in Louisiana overseeing litigation stemming from the explosion of the Deepwater Horizon oil rig in April 2010 and ensuing oil spill in the Gulf of Mexico issued his findings of fact and conclusions of law today with regard to Phase One of the trial...

Case of the Week: The ‘Deepwater Horizon’ Oil Spill

Nearly 4 ½ years after the oil well beneath the "Deepwater Horizon” rig blew out and spilled millions of barrels of oil into the Gulf of Mexico, legal news surrounding the disaster again made headlines last week. On Tuesday, Sept. 2, Halliburton Energy Services, Inc. announced an agreement...

BP Agrees To Pay $18.7 Billion To Resolve Claims Over Gulf Oil Spill

NEW ORLEANS — (Mealey’s) BP Exploration & Production Inc. will pay $18.7 billion over the course of 18 years to resolve Clean Water Act (CWA) and natural resource damages claims from the federal government and states of Alabama, Florida, Louisiana, Mississippi and Texas stemming from...

State Net Capitol Journal: Gulf Oil Spill Settlement Swells

The U.S. Justice Department has reached a $20.8 billion final settlement with BP over its role in the 2010 Gulf of Mexico oil disaster. That sum is $2.1 billion bigger than the $18.7 billion initial settlement announced in July, which was already the largest environmental settlement, as well as the largest...

State Net Capitol Journal – October 12, 2015; Utah’s Gas Tax Hike Strategy

Budget & Taxes UT’s Gas Tax Hike Strategy Nearly every state in the nation is struggling to maintain its aging transportation system. But Utah is one of just seven states (the others are Georgia, Idaho, Iowa, Nebraska, South Dakota and Washington) that passed a gas tax increase this year...

Putting a Human Face on a Catastrophe: DEEPWATER HORIZON

By Thomas C. Fitzhugh, III, Esq., Schouest, Bamdas, Soshea & BenMaier PLLC BP hired Transocean to drill in a well in 5,000 feet of water in Mississippi Canyon Block 252 (Macondo project) about 35 miles south of Venice, Louisiana. The semi-submersible, dynamically-positioned DEEPWATER HORIZON was...