BP Plc’s lawsuit challenging some payments under the $8.5 billion Gulf of Mexico oil-spill settlement should be thrown out because the company is seeking to change fixed terms in the agreement, spill victims said.
BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion accord that would be funded with money originally set aside by the company for out-of-court settlements, according to three people familiar with the talks.
Morgan Stanley can’t ask a court in Singapore to block shareholders living in that country from suing over their losses on $154.7 million in synthetic collateralized debt obligations, a judge in New York ruled.
BP Plc and lawyers for businesses and individuals suing over the 2010 Gulf of Mexico oil spill are near a $14 billion accord to be funded with money set aside for out-of-court settlements, according to three people familiar with the talks.
Halliburton Co. said BP Plc’s proposed settlement with victims of the 2010 Gulf of Mexico spill unfairly creates a “collusive alliance” against the oil field services company in a scheduled multibillion-dollar trial.
Three BP Plc executives’ refusal to testify about the 2010 Gulf of Mexico disaster should be held against the company at a multibillion-dollar trial over liability for the worst offshore oil spill in U.S. history, prosecutors said.
Buddy Trahan, a Transocean Ltd. rig supervisor who barely survived the BP Plc Deepwater Horizon rig disaster, asked a federal judge to free his stalled personal- injury lawsuit from the oil-spill litigation set for trial in New Orleans on Feb. 27.