BP agrees to $7.8B settlement with Gulf oil spill plaintiffs

on
BP Plc late on Friday reached an out-of-court settlement deal worth some $7.8 billion with thousands of plaintiffs who filed suit over the Gulf of Mexico oil spill. In a statement posted on its website, BP (NYSE: BP) said the nearly $8 billion settlement would be paid from the $20 billion fund set up in the wake of the April 2010 Deepwater Horizon rig disaster that claimed 11 lives and resulted in the worst oil spill in U.S. history. The …
Categories: Uncategorized
This image provided by BP's spillcam on June 6, 2010 shows oil leaking out of the Macondo well head in the Gulf of Mexico. (AP file photo/BP)

BP, plaintiffs reach spill $7.8 billion settlement

on
A federal judge says BP and a committee representing plaintiffs suing over the 2010 Gulf oil spill reached an $8 billion agreement Friday night.

Testing Donor’s Intent, 350 Years Later

on
A 35-acre plot of seaside land is at the center of a legal battle that has roiled the usually quiet, historic town of Ipswich, Mass.
Categories: Uncategorized

BP, plaintiffs in spill case reach settlement (Updated)

on
(Updates with comments from BP, details of the settlement.) Attorneys for BP reached a $7.8 billion settlement with attorneys for business owners and other individuals harmed by the Gulf oil spill of 2010, just days before the case was set for trial. BP said it expects to use money from the $20 billion claims fund […]

BP reaches deal with plaintiffs over Gulf of Mexico spill

on
NEW YORK, March 2 (Reuters) – BP PLC has
reached a $7.8 billion agreement with plaintiffs suing over the
massive 2010 Gulf of Mexico oil spill, according to a court
order on Friday, but the company still faces claims by the U.S.
government and drilling…
Categories: Uncategorized

Plaintiffs’ Steering Committee in BP Gulf Oil Spill Litigation Announces Settlement in Principle With BP

on
NEW ORLEANS, March, 3, 2012 /PRNewswire/ –The Plaintiffs’ Steering Committee (PSC) spearheading the litigation surrounding the 2010 BP Gulf Oil Spill today announced that a settlement in principle has been reached with BP that will fully compensate hundreds of thousands of victims…
Categories: Uncategorized

BP, plaintiffs in spill case reach settlement (Updated)

on
(Updates with comments from BP, details of the settlement.) Attorneys for BP reached a $7.8 billion settlement with attorneys for business owners and other individuals harmed by the Gulf oil spill of 2010, just days before the case was set for trial. BP said it expects to use money from the $20 billion claims fund […]

BP reaches deal with oil spill plaintiffs

on
NEW YORK, March 2 (Reuters) – BP PLC has
reached an agreement with counsel for plaintiffs suing over the
massive 2010 Gulf of Mexico oil spill, according to a court
order on Friday.

Categories: Uncategorized

Lessons From India’s ONGC Sale Fiasco

on
Some very high hopes were dashed Thursday in India with the Oil & Natural Gas Corp.’s disastrous share auction.
Categories: Uncategorized

REFILE-Vietnam drops LPG import duty in fight against inflation

on
HANOI, March 3 (Reuters) – Vietnam has removed a 5
percent import duty on liquefied petroleum gas (LPG) in a move
to ease inflationary pressures, the Finance Ministry said.

Categories: Uncategorized