Gulf Coast Disaster News
|October 30, 2014, 10:02 am|
A group of about 100 attorneys and accountants frustrated by the slow claims process in the Deepwater Horizon oil spill case met in a downtown New Orleans hotel Monday to discuss how to jumpstart what appears to have become a hopelessly stalled process.
|September 16, 2014, 2:06 pm|
BP has been charged with gross negligence with regards to the 2010 Gulf of Mexico spill, which killed 11 and spewed oil in waters that were in contact with five states.
|September 16, 2014, 2:04 pm|
Federal Judge Carl Barbier of New Orleans already has ruled that BP is guilty of "gross negligence" and "willful misconduct" in the 2010 Deepwater Horizon oil spill disaster in the Gulf of Mexico. His Sept. 4 finding exposed the British oil firm to as much as $18 billion in penalties.
|September 12, 2014, 8:42 am|
“BP hit with punitive damages” and “BP may be liable for $18 Billion in additional damages” were the headlines in recent days with the MDL court's comprehensive 153 page opinion stemming from the oil spill in the Gulf of Mexico over four years ago. But is that the bottom line? No. It is what the rest of the opinion says, and doesn’t say, that matter most in the long run.
|September 4, 2014, 9:30 am|
A U.S. judge has ruled that BP's recklessness caused 2010's massive Gulf oil spill, a move that could cost the company billions. Earlier this week Halliburton, the company in charge of sealing the completed Deepwater Horizon well that spewed millions of gallons of oil into the Gulf, agreed to pay $1.1 billion to settle claims arising from its negligence.
|August 11, 2014, 2:42 pm|
An arcane change to the formula that determines awards for settlement of BP oil spill claims may diminish the size of future damage awards, leading some in the trial bar to say that senior plaintiffs’ attorneys who brokered the settlement with BP are more interested in preserving their $660 million payday than in protecting the rights of victims still awaiting payment.
|July 30, 2014, 12:51 pm|
The much troubled BP oil spill class settlement has suffered another major blow with a change in how a loss is calculated for paying a claimant. This new revision to the agreement, called Policy 495, once again materially alters a settlement agreement that was already plagued with a myriad of implementation problems, problems so great collectively that it should never have been approved in the first place.
|July 14, 2014, 9:46 am|
Four years after the Deepwater Horizon explosion devastated the Gulf of Mexico, killing 11 and gushing more than 200 million gallons of oil into the water, the company found responsible has shut down an internal claims program utilized by small business owners, injured rig workers and even casino companies affected by the disaster.
|June 10, 2014, 3:53 pm|
Originally posted by Janet McConnaughey - Associated Press - June 9, 2014
NEW ORLEANS — The U.S. Supreme Court says BP must continue paying claims from a fund established after the 2010 Gulf of Mexico oil spill while the company appeals terms of its settlement with some businesses.
The justices on Monday let stand without comment lower court refusals to halt payments while BP PLC appeals lower court rulings that businesses don't have to prove they were directly harmed by the spill to collect money.
|June 9, 2014, 11:08 am|
Originally posted by Greg Stohr - Bollomberg - June 9, 2014
BP Plc (BP/) must pay potentially hundreds of millions of dollars in claims after the U.S. Supreme Court refused to halt disputed payments stemming from the 2010 Gulf of Mexico oil spill.
Rejecting a request from BP, the justices today said they wouldn’t put a hold on lower court rulings that require the oil company to begin making the payments, part of a $9.2 billion accord.
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