bp settlement

Archive for the ‘BP Settlement’ Category

BP Calls for “Absurd” Payouts to Stop

Last year, British Petroleum (BP), agreed on a deal that was worth US $8.7 billion in order to compensate all the public and privately owned businesses that had been affected by the 2010 Gulf oil spill disaster. However, since the agreement was signed, BP has not been able to keep its costs under control, which [...]

BP – Oil Producing Giant to Litigation Expertise Firm

It is not a new fact that major corporations often invest in a team of lawyers and sometimes get involved in legal activity and legal proceedings. Companies such as Apple and Samsung have even been embroiled in major legal battles between themselves. Another notable example is British Petroleum (BP), which deals in the production of [...]

Gulf Oil Spill Claims Administrator Responds to BP Request

U.S. District Judge Carl Barbier ordered the administrator of BP’s settlements to respond to the request of BP for a temporary injunction until the investigations are completed and a conclusion is made. The purpose of this halt to the settlement payouts is because BP wants to stop spending millions of dollars on claims payments for [...]

BP’s New Move in Battle over Deepwater Horizon Damages

The question whether the oil company will keep on paying the managerial costs for the settlement program opens up a new aspect in the ongoing battle between BP and the group of lawyers and accountants supervising payments for the Gulf oil spill settlement worth many billions of dollars. For the court-supervised program, BP sent a [...]

New Orleans Man Pleads Guilty to Filing False BP Claim

Jordan A. Sanchez, 27, of New Orleans pled guilty on Friday July 19, 2013 to mail fraud for filing a fraudulent claim after the BP oil spill. Sanchez filed a claim stating that he lost his job at a catering company as a direct result of the Gulf of Mexico oil spill. He faces up [...]

Assessment of BP Oil Spill Does Not Account for Damage

According to a report by the National Research Council, “The US government cannot hope to arrive at a full accounting of the environmental destruction caused by the BP oil disaster in the Gulf of Mexico using its current methods.” In the report, experts state that the United States government’s efforts to put a specific dollar [...]

Former FBI Director Heading Investigation into BP Lawyer

Louis Freeh, the former FBI Director, was appointed on Tuesday July 9, 2013 to investigate alleged misconduct by an attorney associated with the BP Settlement Fund. Freeh, who runs a consulting firm, was appointed to the position by U.S. District Judge Carl Barbier. Freeh is heading up an investigation into an attorney from Patrick Juneau’s [...]

BP Challenges What They Call “Fictitious” Oil Spill Claims

BP states that it is being forced to pay “fictitious” claims to businesses. The oil company blames the “fictitious” claims on the way the court-appointed administrator is making payments from BP’s settlement fund. This fund was set up back in 2010 after the Deepwater Horizon rig explosion that killed eleven and caused the biggest environmental [...]

Former BP Exec’s Oil Spill Trial Delayed

A trial aimed at bringing a Deepwater Horizon case against a BP executive has been delayed for up to five months, claims the Associated Press. Kyrt Engelhardt, a U.S. District judge, decided to delay the proceedings of the trial of David Rainer. The trial was moved from October 2012 to March 2013. The purpose of this is [...]

The Public Makes Suggestions for How to Use BP Fines

An opportunity is being given for the public to voice its thoughts about BP oil’s compensation fines. The main aim of this is because there are people who suggest that these fines would be better spent on restoration. A twenty page draft plan has been created to record the public’s thoughts on the Restore Act’s [...]