Lawyers

• BP Relieved of $1 Billion Seafood Industry Spill Payments, But More To Settle

  BP Plc could breath a sigh of relief after New Orleans federal judge allowed the company not to pay the second half of the $2.3 billion compensation that was promised due to fraud and discrepancy. However, there are still lots of government fines and penalties to settle that would take them less than 20 years to pay by selling their assets.

• BP wins one U.S. court ruling, loses another over 2010 Gulf spill

  A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the oil company defrauded shareholders over the disaster.

• With options dwindling, BP seized a chance to settle oil spill case

  In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history.

• BP wins right to appeal some Gulf spill damages claims

  A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.

• U.S. appeals ruling on size of BP oil spill

  The U.S. government is appealing a federal court ruling that reduced the potential penalty BP Plc must pay for the 2010 Gulf of Mexico oil spill by almost $4 billion.

• BP drops bid to oust Gulf spill claims administrator

  BP Plc on Friday ended its bid to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill, citing steps the administrator has taken to reduce the threat of fraud.

• BP asks for lower fine in penalty phase of Gulf spill trial

  BP Plc, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Gulf of Mexico oil spill.

• BP's fine for Gulf of Mexico spill capped by ruling

  BP Plc (BP.L) will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller than the U.S. government claimed.

• U.S. judge upholds BP 'gross negligence' Gulf spill ruling

  A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent."

• BP asks judge to reconsider 'gross negligence' ruling

  BP Plc (BP.L) on Thursday asked a U.S. court to reconsider a September ruling that found the company "grossly negligent" for the 2010 oil spill in the Gulf of Mexico, a finding that boosted its potential liabilities by about $18 billion.

• BP 'grossly negligent' in 2010 U.S. spill, fines could be $18 billion

  A U.S. judge has decided that BP Plc was “grossly negligent” and “reckless” in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history.

• BP asks court to remove claims administrator in Gulf spill case

  BP Plc (BP.L) asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job.

• US Supreme Court denies BP request to block oil spill payments

  On Monday, BP Plc has failed to secure an emergency request from the US Supreme Court to halt payments to certain businesses who have claimed to receive economic losses from the 2010 Gulf of Mexico oil spill as it seeks to overturn a lower court ruling, Reuters reported.

• Appeals court upholds earlier decision to impose billion-dollar fines on BP, Anadarko over oil spill

  Bloomberg said BP Plc and Anadarko Petroleum Corp could be fined in billions of dollars after an appeals court sided with a lower court decision that would allow the US government to seek maximum fines over the 2010 Gulf of Mexico oil spill.

• BP faces 'fictitious' payments dilemma over Gulf of Mexico oil spill

  Yesterday, BP Plc has lost its bid for a full appeals court in New Orleans to reconsider its argument that the claims administrator of its $9.2 billion Gulf of Mexico oil spill settlement misinterpreted on paying for economic losses claims, Bloomberg reported.