Gulf Coast Disaster News
|November 5, 2013, 8:48 am|
Originally posted by Margaret Cronin Fisk and Allen Johnson Jr - Bloomberg - November 4, 2013
Opponents of BP Plc (BP/)’s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill asked a U.S. appeals court to reverse a judge’s approval of the agreement.
The deal can’t be approved because it inconsistently compensates victims with the same types of economic injuries, opponents of the settlement told the U.S. Court of Appeals in New Orleans today. The settlement should be more fairly distributed, attorney Brent Coon told the panel.
“It’s not just the amount of money that’s paid, it’s money that should have been paid,” he said. Coon and lawyers for other objectors are seeking a reversal of U.S. District Judge Carl Barbier’s December approval of the accord.
|November 4, 2013, 2:51 pm|
Originally posted by Michael Kunzelman - Associated Press - November 4, 2013
NEW ORLEANS (AP) — A federal appeals court heard dueling arguments Monday on whether a judge should have approved BP’s multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.
Theodore Olson, a lawyer for BP, said the class-action deal it reached last year with a team of private plaintiffs’ attorneys “became something else” after U.S. District Judge Carl Barbier upheld a court-appointed claims administrator’s interpretation of terms governing payouts to businesses.
|November 4, 2013, 2:48 pm|
Originally posted by Michael Kunzelman - Washington Post - November 4, 2013
NEW ORLEANS — A year ago, lawyers for BP and Gulf Coast residents and businesses took turns urging a federal judge to approve their settlement for compensating victims of the company’s massive 2010 oil spill.
On Monday, however, the one-time allies will be at odds when an appeals court hears objections to the multibillion-dollar deal. That’s because several months after U.S. District Judge Carl Barbier approved the settlement, BP started complaining that the judge and court-appointed claims administrator were misinterpreting it. The London-based oil giant is worried that it could be forced to pay billions of dollars more for bogus or inflated claims by businesses.
|October 3, 2013, 9:24 am|
Originally posted by Wall Street Journal - Margaret Cronin Fisk and Jef Feeley - October 3, 2013
BP persuaded an appeals court to order a re-examination of key terms of the 2010 Gulf of Mexico oil-spill settlement that the company said could have cost it billions of dollars in improper payouts.
BP said the program’s administrator, Patrick Juneau, was approving millions of dollars in “fictitious” payments to businesses for economic losses based on what BP called a flawed interpretation of the agreement reached with spill victims’ lawyers in 2012.
|August 13, 2013, 2:37 pm|
Originally posted by Brian Young - Huffington Post - August 12, 2013
Shortly after an explosion on British Petroleum's Deepwater Horizon oil rig killed 11 people and spilled an estimated 210 million gallons of oil off the coast of Louisiana, the company sprung into action to protect what matters -- its public image. BP spent more than $93 million on newspaper and TV ads in the weeks immediately following the disaster, and they've since spent hundreds of millions of dollars on several rounds of media campaigns to convince the public that they care. When all is said and done, BP will likely be on the hook for tens of billions of costs related to the spill. So why the PR campaign? Their actions behind the scenes give us a hint.
|July 26, 2013, 9:54 am|
Originally posted by Clifford Krauss - New York Times - July 26, 2013
HOUSTON — Halliburton has agreed to plead guilty to destruction of critical evidence after the Gulf of Mexico oil spill in 2010, the Justice Department announced on Thursday.
The oil services company said it would pay the maximum allowable fine of $200,000 and will be subject to three years of probation. It will also continue its cooperation in the government’s criminal investigation. Separately, Halliburton made a voluntary contribution of $55 million to the National Fish and Wildlife Foundation.
|July 19, 2013, 11:22 am|
Originally posted by Harry Weber - Houston Chronicle - July 19, 2013
In a blistering rebuke of BP’s criticism of the administrator who is processing claims from last year’s multibillion dollar Gulf oil spill civil settlement, a federal judge Friday scolded the company for its public attacks and quickly rejected its request to halt payments to victims of the disaster.
U.S. District Judge Carl Barbier in New Orleans said BP’s personal attacks on claims administrator Patrick Juneau have been “offensive,” and he especially noted that he didn’t care for comments the chief executive of the company, Bob Dudley, made on CNBC on Thursday. Dudley said the settlement had been “hijacked” by the administrator’s office.
|July 19, 2013, 10:48 am|
Originally posted by Michael Kunzelman (AP) - Houston Chronicle - July 19, 2013
NEW ORLEANS (AP) — A federal judge has rejected BP's request to temporarily halt all settlement payments to Gulf Coast businesses and residents who claim they lost money after the company's 2010 oil spill.
U.S. District Judge Carl Barbier ruled Friday after BP attorneys argued that payments should be suspended while former FBI Director Louis Freeh investigates alleged misconduct by a lawyer who helped administer the multibillion-dollar settlement program.
|June 10, 2013, 9:56 am|
Originally posted by Verna Gates - Reuters - June 5th, 2013
(Reuters) - Alabama Attorney General Luther Strange said the $500 million paid by BP Plc in compensation in the state for the 2010 Gulf of Mexico oil spill was just the "tip of the iceberg" and called for more claims, believing Alabama had not received a fair share of the $3 billion in total payouts so far.
|May 17, 2013, 3:44 pm|
Originally posted by Harry Weber - Houston Chronicle - May 17, 2013
Texas on Friday joined other Gulf Coast states suing BP for environmental damage caused by the 2010 oil spill.
Texas’ suit seeks natural resources damages, economic damages and civil penalties. Louisiana and Alabama sued initially, while Florida and Mississippi sued last month around the three-year anniversary of the disaster.
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