Halliburton Co. has reached a $100 million settlement to end a more than 14-year-old securities class action pending in Texas federal court. Read more
BP asked the Fifth Circuit Court of Appeals last month to approve a so-called accrual-style framework to calculate Business Economic Loss (BEL) claims filed under the 2012 Deepwater Horizon... Read more
The Fifth Circuit Court of Appeals has ruled that a putative class action over BP PLC’s decision not to pay a promised $750 million in dividends to shareholders after the 2010 Deepwate... Read more
The Fifth Circuit Court of Appeals ruled it is able to review individual claim determinations appealed by BP and claimants in the Deepwater Horizon Economic Claims Center. Previously, the la... Read more
BP Exploration & Production Inc. (BPXP) has told the U.S. Supreme Court that it is being unjustly held liable for Clean Water Act violations stemming from the Deepwater Horizon disaster.... Read more
The Fifth Circuit has ruled in a split en banc decision that survivors of a worker killed in a barge-mounted drilling rig accident cannot collect punitive damages under general maritime law.... Read more
An excellent piece appeared in The Litigation Daily last month that explained how BP has been pulling out all stops in an effort to get out of an agreement that it not only agreed to, but ac... Read more
We believe that the Economic Settlement is a tremendous settlement. While the latest developments may appear somewhat troubling, it’s important to remember that while the Fifth Circuit is gi... Read more
BP is now arguing that all businesses must meet a new (and undefined) subjective causation test in order to present claims under the Settlement Agreement. Under the Settlement Agreement, a... Read more
In a much-publicized appeal to the Fifth Circuit, BP claimed the Settlement Agreement required all revenues and “corresponding” expenses to be matched – regardless of whether the claimant ke... Read more
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