BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.
A former BP Plc senior engineer who helped lead efforts to cap the Macondo well as oil gushed into the Gulf of Mexico in 2010 destroyed evidence sought by the U.S. in a probe of the spill, a federal prosecutor told jurors.
BP Plc’s suspension from all new U.S. government contracts in the wake of the 2010 Gulf of Mexico oil spill unfairly harms the global economy and punishes company affiliates that had nothing to do with the disaster, the British government argued to a U.S. court.
A former BP Plc engineer accused of destroying evidence sought by the U.S. for a probe of the 2010 Gulf of Mexico oil spill went on trial in the first criminal case arising from the disaster to go before a jury.
BP Plc asked an appeals court for an injunction to stop some payments under a $9.2 billion settlement tied to the 2010 Gulf of Mexico oil spill, saying the judge overseeing the case ignored the court’s mandate to review claims.
Transocean Ltd. will boost its dividend and cut costs as part of an agreement with Carl Icahn, months after the world’s largest offshore rig contractor won a shareholder battle with the billionaire investor.
The trial that will determine the extent of any liability London-based BP Plc and its partners must face for the April 2010 Gulf of Mexico oil spill is set to begin today in federal court in New Orleans.