BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster.
More than half of the trust’s beneficiaries had sued JPMorgan for more than $415 million in damages, alleging that the nation’s largest bank had cut sweetheart deals with some of its commercial clients for the mineral rights.
Plaintiffs in the case are asking a federal judge to force Exxon Mobil to prove that the information in hundreds of thousands of maintenance and repair documents on the pipeline need to be kept secret.
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