Businesses and individuals who claim BP's oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company's class-action settlement with private plaintiffs' attorneys.
Court-supervised claims administrator Patrick Juneau says payments hit the $1 billion mark before the end of 2012. He also said 95 percent of claimants who were offered payments decided to accept them.
Juneau touted the acceptance rate as evidence the settlement and claims process are fair.
Transocean, the owner of the oil drilling rig that exploded and triggered the BP oil spill is scheduled to make its first appearance in federal court in New Orleans. The company is offering a settlement.
The state has acquired more than 11,000 acres of wetlands in Livingston and Tangipahoa parishes as part of a conservation project funded by a settlement over the Deepwater Horizon disaster.
The Coastal Protection and Restoration Authority of Louisiana said Monday that the $6.7 million purchase of the forested wetlands on the north shore of Lake Maurepas is funded by MOEX Offshore 2007 LLC, which was a minority partner in BP's blown-out well in the Gulf of Mexico.
A federal judge in New Orleans has scheduled a Feb. 14 hearing to decide whether to accept the Justice Department's criminal settlement with Transocean Ltd. over the company's role in the massive 2010 oil spill in the Gulf of Mexico.
Transocean, which owned the rig that sank after an explosion killed 11 workers and spawned the spill, agreed last Thursday to pay $400 million in criminal penalties and plead guilty to a misdemeanor charge of violating the Clean Water Act. The Switzerland-based company also agreed to pay $1 billion in civil penalties.
Massive settlements may be evidence of new legal precedent.
A federal judge will be asked to approve a proposed $1.4 billion settlement linked to the BP oil spill in 2010. Rig owner Transocean has reached a deal with the Department of Justice that appears to be creating legal precedent.
A federal appeals court has refused to overturn a ruling that a BP rig supervisor must submit to a medical exam to determine if he is fit to be questioned under oath for civil litigation spawned by the company's Gulf oil spill.
A three-judge panel from the 5th U.S. Circuit Court of Appeals ruled Thursday that it doesn't have jurisdiction to review a judge's order for BP well site leader Donald Vidrine to be examined by a court-appointed psychiatrist.
Transocean, the owner of the Deepwater Horizon rig where 11 men died in April 2010, has agreed to pay $1.4 billion in criminal and civil penalties to resolve Justice Department allegations over its role in the Gulf of Mexico oil spill.
The Louisiana Attorney General's Office says it's running out of money to pay for litigation over the 2010 BP PLC oil spill.
Rene Free, director of administrative services for state Attorney General Buddy Caldwell, tells The Advocate that no new money was appropriated in the current year's budget for Deepwater Horizon litigation. Caldwell asked for an additional $16.2 million in July at the start of the budget year, she says.
A federal judge has scheduled a status conference to discuss a request to postpone the trial of two BP rig supervisors charged with manslaughter in the April 2010 deaths of 11 workers on the Deepwater Horizon drilling rig.
U.S. District Judge Stanwood Duval Jr. didn't immediately rule on Tuesday's request for a trial delay by attorneys for BP well site leaders Robert Kaluza and Donald Vidrine. Instead, Duval is scheduled to discuss the matter with defense attorneys and prosecutors during a telephone call Monday.