Earlier this month the Supreme Court of the United States refused to hear BP’s appeal of its own Settlement Agreement. The decision saw through all of BP’s smoke and mirrors, denying the oil company’s petition for review, and leaving intact a landmark Settlement for the people and businesses of the Gulf Coast. The Supreme Court’s decision also set in motion the final six months in which a private business can file a claim for economic losses. The BP claim filing deadline is (legalexaminer.com - 2014-12-20 19:45:25)
In a crucial blow to BP Plc.'s ( BP ) attempts of limiting charges associated with the 2010 Deepwater Horizon incident, the U.S. Supreme court recently rejected the company's challenge to the multi-billion dollar settlement agreement it signed in 2012 to compensate Gulf Coast individuals and businesses impacted by the oil spill. The London-based oil giant sought review of the U.S. Supreme Court after an en banc review by the entire Fifth Circuit Court upheld the previous panel (nasdaq.com - 2014-12-16 20:30:50)
BP Plc (BP/) challenged a federal judge’s ruling that the company’s exploration unit acted with gross negligence in causing the 2010 Gulf of Mexico oil spill, a decision that exposed the U.K.-based energy company to as much as $18 billion in fines under U.S. law. This is BP’s first appeal of U.S. District Judge Carl Barbier’s September decision that the company was 67 percent responsible for causing the worst offshore spill in U.S. history. The judge determined rig-owner (bloomberg.com - 2014-12-11 21:51:48)
BP fails to limit oil spill claims by Lawrence Hurley, 2014-12-09 06:05:11.0 WASHINGTON — The US Supreme Court on Monday rejected BP’s challenge to a settlement agreement over the 2010 Gulf of Mexico oil spill, which the oil giant said allowed certain businesses to get payouts despite being unable to trace their losses to the disaster.The court’s refusal to hear BP’s appeal means it will have to make the payments as it continues to deal with the aftermath of the explosion of (bdlive.co.za - 2014-12-09 07:35:01)
The FTSE 100 company complained that under the agreement, some businesses would get payouts despite being unable to prove they lost money as a result of the disaster – potentially adding billions to BPs costs. As a result, while it had initially estimated that the settlement would cost it $7.8bn (£4.9bn), it says it can now no longer give a reliable estimate.The court’s decision not to hear its appeal is the latest in a series of setbacks for BP, which is trying to limit payments (independent.co.uk - 2014-12-08 23:41:07)
By Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Monday rejected BP's challenge to a settlement agreement over the 2010 Gulf of Mexico oil spill, which the oil giant said allowed certain businesses to get payouts despite being unable to trace their losses to the disaster. The court’s refusal to hear BP’s appeal means the London-based company will have to make the payments as it continues to deal with the aftermath of the April 20, 2010, explosion of the (yahoo.com - 2014-12-08 15:21:18)
The Supreme Court is leaving in place BP's multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico. The justices did not comment Monday in rejecting the London-based oil giant's arguments that lower courts misinterpreted settlement terms and put BP on the hook to pay inflated and bogus claims by businesses. BP wanted the court to consider whether people and businesses seeking payments under the settlement included (abcnews.go.com - 2014-12-08 15:14:19)
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