The settlements pay about $338 million to a claims class, including businesses that previously filed economic loss from the BP oil spill. Read more
Nearly 300,000 gallons of oil were spilled into the Mississippi River. Read more
BP has agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill. Read more
BP has withdrawn its motion seeking an injunction against paying approximately $1 billion for claims. Read more
Under the agreement, ExxonMobil will take over all future remediation activities at four of the eight sites. Read more
The landmark government oil spill settlements are progressing as intended toward final resolution. Read more
BP recently reported in its fourth-quarter earnings report that the firm’s earnings had dropped 91 percent. Read more
I have been asked by several lawyers from outside the firm what direction our Toxic Torts Section will now take with the BP litigation beginning to wind down. 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
Judge Carl Barbier found that certain underwriters at Lloyd’s of London and various insurance companies have satisfied their obligations under excess policies providing $150 million in... Read more
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